Cover IMF Staff Country Reports
Grenada: Staff Report for the 2005 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 290
Language:
English
Publication Date:
12 Aug 2005
DOI:
https://doi.org/10.5089/9781451816464.002
ISBN:
9781451816464
ISSN:
1934-7685
Pages:
65
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
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund