Sovereign Debt Restructurings in Grenada PDF (Adobe DRM) download by Tamon Mr. Asonuma

Sovereign Debt Restructurings in Grenada

INTERNATIONAL MONETARY FUND
Publication date: July 2017
ISBN: 9781484313220
Digital Book format: PDF (Adobe DRM)

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This paper documents the two debt restructurings that Grenada undertook in 2004-06 and 2013-15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada's restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.
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Sovereign Debt Restructurings in Grenada PDF (Adobe DRM) download by Tamon Mr. Asonuma
INTERNATIONAL MONETARY FUND, July 2017
ISBN: 9781484313220
EAN:  9781484313220
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
Sovereign Debt Restructurings in Grenada ePub (Adobe DRM) download by Tamon Mr. Asonuma
INTERNATIONAL MONETARY FUND, July 2017
ISBN: 9781484313176
EAN:  9781484313176
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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