IMF Staff Country Reports

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

Publication Date:

July 19, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2023/261

Subject:

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

Frequency:

regular