{
  "title": "Grenada: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, August 12, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494",
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  "summary": "This 2005 Article IV Consultation highlights that real GDP growth in Grenada, on average, has been low over the last five years compared with growth of nearly 6 percent a year in the late-1990s. Inflation has remained low and stable within the framework of the currency board arrangement.",
  "sections": [
    {
      "heading": "Macroeconomic performance and outlook",
      "content": "- Real GDP growth in Grenada, on average, has been low over the last five years compared with growth of nearly 6 percent a year in the late-1990s.\n- Inflation has remained low and stable within the framework of the currency board arrangement.\n  - The annual inflation rate in April 2005 was 1.8 percent.\n- External current account deficits have been large, although mostly financed by foreign direct investment and capital transfers."
    },
    {
      "heading": "Financial sector and balance-sheet developments",
      "content": "- Financial sector indicators have strengthened in recent years.\n- External financing structure:\n  - Large current account deficits.\n  - Primary financing sources noted: foreign direct investment and capital transfers."
    },
    {
      "heading": "Fiscal and structural policy topics (subjects listed in the report)",
      "content": "- Capital spending\n- Expenditure\n- External debt\n- Public debt\n- Revenue administration\n\n---\n\n Content in this bundle\n\n- cr05290 — Executive Summary\n  - cr05290 — Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05290 — Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 12, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451816464.002",
    "Real GDP growth in Grenada, on average, has been low over the last five years compared with growth of nearly 6 percent a year in the late-1990s.",
    "Inflation has remained low and stable within the framework of the currency board arrangement.",
    "External current account deficits have been large, although mostly financed by foreign direct investment and capital transfers.",
    "Financial sector indicators have strengthened in recent years.",
    "External financing structure:",
    "**_cr05290 — Executive Summary**"
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