By Mina Booker
Grenada is being seen Model, following the successful implementation of the International Monetary Fund ( IMF’s ) structural adjustment program back in 2013.
Challenged by the onset of the global Financial crisis, the country leader, Prime Minister Dr.Keith Mitchell ,who has just assumed engaged the bank as part of attempts to run counter-cyclical fiscal policies.
IMF Deputy Managing Director Tao Zhang and a high-level delegation from the Bank this week visited Grenada on a venture which he claims was aimed at enhancing the relationship between the bank and countries.
After participating in a number of engagements on the spice-isle Zhang said that he hopes that countries within the Caribbean may be able to draw from lessons of Grenada’s implementation.
While Grenada is poised to experience Growth in 2019, Prime Minister Dr, Keith Mitchell believes that Grenada has an opportunity to safeguard the achievements under previous projects.He said regional countries will be looking to assess Grenada’s program.
The island before approaching the Financial institution for assistance was experiencing a Public debt, which reached about 110 percent of GDP.Today the island has one of the fastest growth rates and unemployment figures have also dropped.
