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Understanding the economic and financial impacts of natural disasters
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ISBN: 0821356852 9781417502193 9786610085262 1280085266 1417502193 Year: 2004 Publisher: Washington, DC : World Bank,


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Grenada : Use of Fund Resources—Request for Emergency Assistance.
Author:
ISBN: 1455235962 1452766622 1280889942 1451881177 9786613731258 Year: 2004 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper highlights Grenada’s Request for Emergency Assistance. The near-term economic outlook of Grenada is very difficult. Having grown by nearly 4 percent in the first half of the year, the economy is now projected to contract by more than 3 percent in 2004. The authorities, with the support of the international community, are responding swiftly to the emerging needs of the economy. The authorities have also requested a purchase under the IMF’s policy on emergency assistance for natural disasters for an amount equivalent to SDR 2.93 million.

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