Grenada: Staff Report for the 2016 Article IV Consultation, Fourth Review Under the Extended Credit Facility ... (IMF Country Report No. 16/133)

IMF Country Report (May 2016): 2016 Article IV consultation and fourth ECF review for Grenada, 115 pages. Programme content: CBI-related non-tax revenue EC$0.3m (2014) and EC$16.3m (2015) and the EC$19.4m CBI adjustor to the 2015 primary-balance criterion (p. 14); 0.7% of GDP CBI revenue in 2015 (Table 1 footnote) and 0.5% of GDP in the MEFP; primary balance excluding CBI revenues 2009-2021 (Table 1, recorded with a proposed new indicator); 2016 budget assumption of EC$82m NTF grant financing (MEFP); rules: FRA 2015 saving 40% of NTF proceeds (event exists), NTF Regulations of August 2015 (event added), TMU definitions of CBI revenue for the programme adjustors, quarterly publication of CBI statistics (event exists from another source), creditors' share of CBI receipts above a threshold (event exists). Two charts on PDF p. 20 ('CBI Program Revenues' monthly Jun 2014-Dec 2015 by NTF, CBI Committee dividend and fee income; NTF application option 2015 outturn vs budget and IMF projection 2016) have no printed values. The 2015 'third review' programme column of Table 1 (1.7) is recorded as a projection. Other tables (fiscal, BOP, DSA) have no separate CBI line (BOP footnote: CBI receipts included after 2016). The rest of the report covers the wider economy, debt restructuring, banking and other reforms.