Grenada: 2023 Article IV Consultation-Press Release; and Staff Report

July 19, 2023

Preview Citation

Format: Chicago

Grenada: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed December 23, 2024

Summary

Grenada is simultaneously navigating the recovery from the pandemic and a rise in energy and food prices. Growth is estimated to have reached 6.4 percent in 2022, driven by a tourism rebound and private and public construction projects. Inflation rose from 1.9 percent at end-2021 to 2.9 percent by end-2022. The authorities’ policy response—facilitated by the build-up of fiscal buffers over the past decade—dampened the pass through from rising global food and fuel prices. Public debt is now back on a downward trend. The financial sector is well-capitalized and liquid although non-performing loans of credit unions have risen.

Subject: Credit bureaus, Economic and financial statistics, Environment, External debt, External sector statistics, Financial markets, International organization, Monetary policy, Natural disasters, Public debt

Keywords: Calculation system, Caribbean, CPI basket, Credit bureaus, External sector statistics, Global, IIP datum, IMF's transparency policy, Natural disasters, Policy advice, Policy effort, Policy priority

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/261
Stock No:

1GRDEA2023001
ISBN:

9798400249945
ISSN:

1934-7685

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