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International Monetary Fund. Western Hemisphere Dept.

authorities pledged to meet their transparency obligations though the established reporting mechanisms under their Public Debt Management Act 28 of 2015, Public Finance Management Act 17 of 2015, and the Fiscal Responsibility Act 29 of 2015, which had been put in place during their 2014–17 Homegrown Program that was supported by the ECF arrangement. Staff will provide further information on the initiative as is becomes available and any support the authorities need if they proceed with a request to creditors.

International Monetary Fund. Western Hemisphere Dept.
This paper discusses Grenada’s Request for Disbursement Under the Rapid Credit Facility. IMF financing support provides resources to the countries’ authorities for essential health-related expenditures and income support to ease the impact of coronavirus disease 2019 on the population. The countries’ governments have responded to the pandemic by swiftly implementing containment measures, allocating scarce budgetary resources to critical health care spending, and introducing income support to the most affected sectors and households. Protection of the financial system will help cushion the economic impact of the pandemic. Measures have also been taken by the Eastern Caribbean Central Bank to facilitate the provision of credit and safeguard financial stability. Going forward, and once the current crisis dissipates, the authorities intend to push ahead with a comprehensive Disaster Resilience Strategy aimed at building resilience to natural disasters. They are also committed to further strengthening financial sector oversight to safeguard macro-financial stability.
International Monetary Fund. Western Hemisphere Dept.

Request for Disbursement Under the Rapid Credit Facility; Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Grenada;