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The Case of Grenada

The Case of Grenada. Buenos-Aires March 19th 2014. Over-indebted at first sight. Public debt to GDP end-2012 stood at 110% Public Debt Service due in 2013 is41 % of total public expenditure or slightly more than 100% of total non-grants revenue.

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The Case of Grenada

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  1. The Case of Grenada Buenos-Aires March 19th 2014 erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

  2. Over-indebted at first sight • Public debt to GDP end-2012 stood at 110% • Public Debt Service due in 2013 is41% of total public expenditure or slightly more than 100% of total non-grants revenue. • Grenada is considered as being at “high risk of debt distress” under the regular IMF assessment, • With only 22% of all public debt being domestic Grenada is relatively more indebted to external creditors than peers such as Jamaica • Debt stock to exports has been around 300% ever since 2008. Total external debt service to exports has been kept below 15% until 2011 because of the strong average grant element of the external debt stock. In 2012 it jumped to over 20%. erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

  3. The Options • Benchmarks derived from historical experiences • HIPC and DSA thresholds • Considering the debt-growth nexus • A successful debt reduction: The London debt Accord of 1953 • Factoring in development finance priorities • Considering specific Vulnerabilities erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

  4. Results Overview erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

  5. Vulnerabilities erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

  6. You never know, how much is enough – unless you know how much is more than enough William Blake: The Marriage of Heaven and Hell erlassjahr.de – Entwicklung braucht Entschuldung, Carl-Mosterts-Platz 1, 40477 Düsseldorf

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