Grenada [electronic resource] : Staff Report for the 2005 Article IV Consultation.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 05/290Publication details: Washington, D.C. : International Monetary Fund, 2005Description: 1 online resource (65 p.)ISBN: 1451816464 :ISSN: 1934-7685Subject(s): Debt | Interest | Ministry of Finance | Public Sector Debt | Public Sector | GrenadaAdditional physical formats: Print Version:: Grenada : Staff Report for the 2005 Article IV ConsultationOnline resources: IMF e-Library | IMF Book Store 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.
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.
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