## Grenada: Staff Report for the 2002 Article IV Consultation

_IMF Staff Country Reports, February 10, 2003_

## Source details

**Canonical URL:** [Grenada: Staff Report for the 2002 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/grenada-staff-report-for-the-2002-article-iv-consultation-16327)

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## Bibliographic details
- Published: February 10, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816402.002

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### Macroeconomic performance and near-term projection
- Real GDP of Grenada declined by 3 percent in 2001.
- Drivers of the 2001 decline:
  - the global slowdown,
  - completion of most of the large infrastructure and tourism projects,
  - the effects on tourism of the September 11 attacks in the United States.
- For 2002, economic growth is expected to be slightly positive despite damage to crops and infrastructure caused by a tropical storm in September.

### Fiscal and public debt developments
- The fiscal situation deteriorated markedly in 2001.
- The central government deficit rose to 8.5 percent of GDP in 2001.
- Subject areas addressed in the report include: Capital spending, Expenditure, External debt, Government debt management, Infrastructure, Public debt, Public financial management (PFM), Revenue administration.

### Key statistics and publication facts
- Pages: 59
- Volume: 2003
- Issue: 025
- Series: Country Report No. 2003/025
- DOI: https://doi.org/10.5089/9781451816402.002
- Stock No: 1GRDEA0012003
- ISBN: 9781451816402
- ISSN: 1934-7685

### Analytical emphasis and implicit policy priorities
- Stabilize fiscal position given the central government deficit of 8.5 percent of GDP recorded in 2001.
- Support recovery in tourism and infrastructure-related activity affected by the global slowdown and the September 11 attacks.
- Provide targeted assistance and disaster response to address crop and infrastructure damage from the September tropical storm to sustain the modest positive growth projected for 2002.

*Source: Grenada: Staff Report for the 2002 Article IV Consultation, IMF Staff Country Reports 2003, 025*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/grenada-staff-report-for-the-2002-article-iv-consultation-16327_