Grenada: Staff Report for the 2002 Article IV Consultation
February 10, 2003
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This 2002 Article IV Consultation highlights that real GDP of Grenada declined by 3 percent in 2001, reflecting the global slowdown, completion of most of the large infrastructure and tourism projects, and the effects on tourism of the September 11 attacks in the United States. The fiscal situation deteriorated markedly in 2001 with the central government deficit rising to 8.5 percent of GDP. For 2002, despite damage to crops and infrastructure caused by a tropical storm in September, economic growth is expected to be slightly positive.
Subject: Capital spending, Expenditure, External debt, Government debt management, Infrastructure, Public debt, Public financial management (PFM), Revenue administration
Keywords: assistance, Capital spending, Caribbean, CR, debt, debt guarantee, disaster management, efforts of the authorities, emergency relief operation, GDP, government, Government debt management, ISCR, net, net error
Pages:
59
Volume:
2003
DOI:
Issue:
025
Series:
Country Report No. 2003/025
Stock No:
1GRDEA0012003
ISBN:
9781451816402
ISSN:
1934-7685
