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  • Statement by an IMF Mission to Grenada
    February 10, 2010
    An International Monetary Fund (IMF) mission led by Ms. Nita Thacker of the IMF’s Western Hemisphere Department visited Grenada during February 1-10 to conduct the fifth review of the government’s home-grown economic program supported by an IMF financial arrangement under the Extended Credit Facility (ECF, formerly called the PRGF) and to discuss a successor three-year arrangement. The mission met with Finance Minister Nazim Burke, Permanent Secretary Timothy Antoine, other senior government officials, representative of the Official Opposition, and representatives of the business and financial community and labor unions. The mission thanks the authorities for their warm hospitality and close cooperation it received during its stay in Grenada.

Grenada: Finance Minister Nazim Burke expects that the rate of unemployment in Grenada could rise to 30 per cent by the end of year because of the global economic crisis.