The OECS economies are small and highly open, which makes them volatile and prone to external shocks. Since 2010, some of the OECS countries have implemented strong fiscal consolidation programs and engaged in ambitious debt restructuring agendas.
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IDA Credit: US $15.0 million equivalentTerms: Maturity = 40 years, Grace = 10 yearsProject ID: P147152Project Description: The objectives of the project are to support the Government of Grenada to imp... Show More +lement a program of policy and institutional reforms to (i) create conditions for private investment in a sustainable manner, (ii) support improved public sector management and better targeting of social safety net programs, (iii) enhance resilience against natural disasters, and (iv) facilitate debt portfolio restructuring and enhance debt management. Show Less -