Grenada: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/290, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 65
Date: 2005-08-12
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Citations: View citations in EconPapers (14)

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