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
Other formats
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