Grenada’s Medium-Term Fiscal Framework (MTFF) is taking centre stage in a regional push to strengthen fiscal planning and management, as it is featured within the Caribbean Regional Technical Assistance Centre’s (CARTAC) current capacity-building programme.
As the Government’s central fiscal planning instrument, the MTFF guides expenditure, debt management, and macroeconomic stability over a three-year horizon, supporting a disciplined and forward-looking approach to fiscal policy.
In the April 2026 edition of the World Economic Outlook, the International Monetary Fund estimated that Grenada’s real GDP grew by 4.4% in 2025 and projects growth of 3.1% in 2026 and 2027, placing the country among the faster-growing economies in the Caribbean. This performance aligns with the disciplined fiscal approach set out in Grenada’s Medium-Term Fiscal Framework.
Building on this strong performance, Grenada will host an in-person regional workshop from 27 to 30 April 2026. The workshop will bring together fiscal policy analysts and technical officers from across the Caribbean region to strengthen regional institutional capacity, reinforce fiscal discipline, and enhance fiscal risk management frameworks. Participants will engage directly with fiscal experts, examine the MTFF in practice, and exchange lessons on fiscal planning, forecasting, and risk assessment.
The upcoming engagement follows a recent CARTAC technical assistance mission to Grenada from 25 March to 1 April. This phase placed particular emphasis on integrating the Fiscal Risk Assessment Tool (FRAT) into national budgeting processes and deepening the analytical rigour of fiscal risk management. The Ministry of Finance’s Macroeconomic Policy Unit (MPU), in close collaboration with experts from the IMF’s Fiscal Affairs Department (FAD), advanced the framework through intensive, hands-on technical work.
Commenting on the importance of the framework, Deputy Permanent Secretary in the Ministry of Finance Chevanne Britton-Telesford underscored its central role in safeguarding Grenada’s economic stability and long-term development: “The MTFF is a critical tool guiding fiscal decision-making in Grenada, ensuring that the economy remains resilient in the face of increasing economic, climate, and geopolitical uncertainties. By providing a clear and structured approach to budgeting, the framework strengthens accountability and reinforces a people-centred approach to public finance management. It ensures that we balance economic sustainability with long-term nation-building, while advancing our national development priorities and supporting the personal development and well-being of every Grenadian.”
As ECCU member states continue to strengthen their medium-term fiscal planning systems, Grenada’s experience highlights the value of coordinated, risk-informed policymaking. Through sustained collaboration with its partners and a firm commitment to regional integration, Grenada is actively contributing to the advancement of harmonised fiscal practices and the building of collective resilience across the ECCU.
Grenada is strengthening its capacity to anticipate, quantify, and manage fiscal risks, while improving the credibility of fiscal projections and policy decisions to maintain an economy that the IMF Executive Directors described as one that “continues to navigate elevated global uncertainties effectively.”
This work strengthens Grenada’s ability to sustain its economy, plan responsibly, and deliver for its people.
Ministry of Finance
