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 November 21, 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:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2023/261
Stock No:

1GRDEA2023001
ISBN:

9798400249945
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports