Grenada: Staff Report for the 2005 Article IV Consultation

August 12, 2005

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Grenada: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 19, 2024

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. 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 indicators have also strengthened in recent years.

Subject: Capital spending, Expenditure, External debt, Public debt, Revenue administration

Keywords: Boosting growth, Capital spending, Caribbean, CR, Current account, Current account deficit, Debt service, Deficit, Exchange rate, Financing gap, Global, Grenada, Grenada's economy, ISCR, U.S. dollar

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/290
Stock No:

1GRDEA2005002
ISBN:

9781451816464
ISSN:

1934-7685

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