## Grenada: Staff Report for the 2005 Article IV Consultation

_IMF Staff Country Reports, August 12, 2005_

## Source details

**Canonical URL:** [Grenada: Staff Report for the 2005 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494/bundle-manifest.json)

## Bibliographic details
- Published: August 12, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451816464.002

---

### Macroeconomic performance and outlook
- 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.
  - The annual inflation rate in April 2005 was 1.8 percent.
- External current account deficits have been large, although mostly financed by foreign direct investment and capital transfers.

### Financial sector and balance-sheet developments
- Financial sector indicators have strengthened in recent years.
- External financing structure:
  - Large current account deficits.
  - Primary financing sources noted: foreign direct investment and capital transfers.

### Fiscal and structural policy topics (subjects listed in the report)
- Capital spending
- Expenditure
- External debt
- Public debt
- Revenue administration

---

## Content in this bundle

- **_cr05290 — Executive Summary**
  - [_cr05290 — Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05290.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr05290 — Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05290.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/grenada-staff-report-for-the-2005-article-iv-consultation-18494_