Home' Trinidad and Tobago Guardian : July 1st 2015 Contents A17
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cybersecurity threats to your
systems, applications and data.
as you waste time fixing IT issues
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marks the end of Microsoft support for Windows Server 2003.
After July 14, 2015, organizations that continue to run Windows Server 2003,
as well as any other Microsoft products that have hit their End of Support,
such as Windows XP, Exchange 2003 and Office 2003 will be at risk.
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for more information at
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We Recommend Windows Server.
tional Monetary Fund (IMF)
announced that Grenada will
receive US$2.8 million after the
island successfully completed the
second review of its economic
performance under a three-year
programme supported by the
Extended Fund Facility (ECF).
The IMF said that the disburse-
ments brings to US$8.5 million the
amount of funds made available
to Grenada since the US$21.7 mil-
lion ECF arrangements was
approved in June 2014.
"The Grenadian authorities have
achieved important results in the
context of their Fund-supported
economic programme. Fiscal tar-
gets have been exceeded, important
reforms of the fiscal policy frame-
work have been put in place and
significant progress has been made
in restructuring public debt," said
IMF deputy managing director Min
He said stronger economic
activity has supported programme
implementation, although unem-
ployment remains elevated.
"Maintaining social cohesion
and support from all stakeholders
remains critical to completing the
reforms and putting Grenada on
a higher, sustainable, and more
inclusive growth path," the IMF
He said Grenada is well
advanced in its ambitious fiscal
adjustment and in restoring debt
sustainability. "Safeguarding the
fiscal performance achieved thus
far and carefully monitoring budget
execution will help achieve this
year s fiscal objectives.
"A final round of adjustment
will be needed, as planned, to
achieve the programme s fiscal tar-
gets for 2016. An agreement on
debt relief with the remaining
stakeholders will be necessary to
return public debt to a sustainable
The IMF said recent reforms to
the fiscal policy framework are a
major step forward to promote
durable fiscal discipline and sup-
port debt sustainability over the
"The comprehensive reforms
include introduction of fiscal
responsibility and public debt
management legislation, and
reforms of the tax incentive regime
and of the framework governing
state-owned enterprises and other
"In the context of the exchange
rate peg, continued structural
reforms are needed to strengthen
competitiveness and boost poten-
tial growth. These reforms should
focus on lowering production costs,
including in the energy sector, and
improving the investment envi-
ronment. Strengthening social pro-
tection programmes should aim at
promoting inclusive growth."
Zhu said good progress has been
achieved in advancing the regional
strategy to strengthen the banking
system, coordinated by the Eastern
Caribbean Central Bank.
"Full implementation of the
strategy will be essential to pre-
serving financial stability," he
Grenada to get
funds from IMF
IMF deputy managing
director Min Zhu
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