Grenada: Staff Report for the 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 290

Publication date: August 2005

ISBN: 9781451816464

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , Natural Disasters , ISCR , CR , current account , Grenada , current account deficit , deficit , financing gap , exchange rate , debt service , Grenada's economy , boosting growth , U , S , dollar , Capital spending , Caribbean , Global

Also of interest

Nepal

Peru

Grenada

Republic of Congo : 2001 Article IV

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.