Grenada : Staff Report for the 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

July 14, 2014

Electronic Access:

Free Full text (PDF file size is 2804 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2014 Article IV Consultation highlights that Grenada’s economy continues to face significant headwinds after a decade of natural disasters and economic shocks coalesced into a deep economic crisis by 2011–2012. Economic activity declined by more than 8 percent of GDP from peak to trough (2008–2012) as tourism and construction collapsed. After almost four years of decline, real GDP grew by 1.5 percent in 2013. To address the fiscal crisis, the authorities have initiated fiscal adjustment as part of their 2014 budget, and have subsequently approved a large package of revenue measures needed for the targeted consolidation.

Series:

Country Report No. 14/196

Subject:

English

Publication Date:

July 14, 2014

ISBN/ISSN:

9781498363709/1934-7685

Stock No:

1GRDEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

124

Please address any questions about this title to publications@imf.org