Grenada: Staff Report for the 2000 Article IV Consultation
IMF Staff Country Reports, July 19, 2000
Source details
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- Grenada: Staff Report for the 2000 Article IV Consultation
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Bibliographic details
- Published: July 19, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816389.002
Overview
- The Grenadian economy began to recover owing to progress in a number of reforms, combined with prudent macroeconomic policies that helped boost private sector confidence.
- Despite these major strides, indices of poverty and unemployment are the highest in the Caribbean region.
- Revitalizing the agricultural sector is essential for a sustained recovery.
- Continued vigilance over the domestic banking system is needed.
- The IMF staff commends the government for maintaining an agenda of ambitious reforms.
- Although the statistical base has improved in recent years, weaknesses remain.
- Included with the Staff Report is the text of Public Information Notice No. 00/50.
Major findings
- Recovery underway driven by reforms and prudent macroeconomic policies.
- Poverty and unemployment indices remain the highest in the Caribbean region.
- Agricultural sector revitalization is crucial for sustained recovery.
- Domestic banking system requires continued vigilance.
- Statistical base has improved but significant weaknesses persist.
Policy recommendations and staff assessment
- Maintain agenda of ambitious reforms to support recovery.
- Sustain prudent macroeconomic policies to bolster private sector confidence.
- Prioritize revitalization of the agricultural sector for long-term growth.
- Continue close oversight and vigilance of the domestic banking system.
- Strengthen statistical systems to address remaining weaknesses.
Publication and metadata
- Publication title: Grenada: Staff Report for the 2000 Article IV Consultation
- Publication date: July 19, 2000
- Series: Country Report No. 2000/085
- Issue: 085
- Volume: 2000
- Pages: 42
- DOI: https://doi.org/10.5089/9781451816389.002
- Stock No: 1GRDEA0012000
- ISBN: 9781451816389
- ISSN: 1934-7685
- Subject: Banking, Economic sectors, External debt, National accounts, Private investment, Public debt, Public sector, Revenue administration
- Keywords: balance of payments, bill, capital project, Caribbean, CR, deficit, GDP, government, Grenadian authorities, IMF's assessment, industry representative, ISCR, Private investment, private sector, Public sector, real GDP
International Monetary Fund. "Grenada: Staff Report for the 2000 Article IV Consultation", IMF Staff Country Reports 2000, 085 (2000).
Content in this bundle
- Grenada: Staff Report for the 2000 Article IV Consultation - ISCR/00/85