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International Monetary Fund. Western Hemisphere Dept.
Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building, with its Climate Change Policy and National Adaptation Plan providing detailed roadmaps for policymakers. However, the challenges are increasing, including from slow-moving effects owing to the rising sea level, even as implementation capacity and resource constraints remain significant impediments. The COVID-19 pandemic has amplified those challenges by increasing risks and tightening Grenada’s fiscal space.
International Monetary Fund
This paper discusses a request from Congo for the Rapid-Access Component of the Exogenous Shocks Facility. Performance on the 2008 staff-monitored program was mixed, complicated by the effects of the exogenous shock. Although weaknesses remain, the authorities strengthened public financial management, particularly with regard to urgent government expenditure. They also made progress in addressing IMF staff’s concerns about the debt sustainability implications of the Sino-Congolese mining and infrastructure cooperation agreement. The authorities are committed to implementing appropriate adjustment policies.
International Monetary Fund

authorities have made progress in addressing staff concerns about the debt-sustainability implications of the Sino-Congolese mining and infrastructure cooperation agreement . The authorities and their Chinese partners have reportedly agreed to remove from the deal the second-phase infrastructure projects (US$3 billion). Discussions continue about the scope for eliminating government guarantees for the mining project (US$3.2 billion) and increasing the concessionality of the financing of the remaining infrastructure projects (US$3 billion). IV. T HE 2009 T ERMS OF T

International Monetary Fund. Western Hemisphere Dept.

external debt: around 27 percent in the medium term, based on projected disbursements of official loans and the concessional financing conditions. 4. To assess the impact of the exhaustion of natural gas reserves, the following assumptions are made under an alternative scenario with a shorter resource horizon: Natural resource horizon: The authorities have increased efforts to develop new gas exploration areas. Given the uncertainty and length of this process, an alternative scenario assesses the debt sustainability implications of a shorter resource horizon

International Monetary Fund

This paper discusses a request from Congo for the Rapid-Access Component of the Exogenous Shocks Facility. Performance on the 2008 staff-monitored program was mixed, complicated by the effects of the exogenous shock. Although weaknesses remain, the authorities strengthened public financial management, particularly with regard to urgent government expenditure. They also made progress in addressing IMF staff’s concerns about the debt sustainability implications of the Sino-Congolese mining and infrastructure cooperation agreement. The authorities are committed to implementing appropriate adjustment policies.