A team from the International Monetary Fund (IMF) is currently in Grenada to conduct surveillance of the Grenadian economy, as part of its Article IV Consultation.
The Article IV Consultation is regarded as the “economic health check” of a country. The previous Article IV Consultation for Grenada was concluded on May 4, 2022.
The team is headed by Huidan Lin, IMF Mission Chief for Grenada.
Other partners joining the mission include representatives from the World Bank Group, the Caribbean Development Bank (CDB), and the Eastern Caribbean Central Bank (ECCB).
While in Grenada, the team plans to hold discussions with various stakeholders in the public and private sectors, including the prime minister, the Minister for Finance and his team; other government ministers and senior public servants; the Leader of His Majesty’s Opposition; representatives from the Grenada Authority for the Regulation of Financial Institutions (GARFIN); statutory bodies; the Banker’s Association; the non-bank financial sector; the Grenada Chamber of Industry and Commerce (GCIC); the manufacturing sector; the tourism sector; and the trade union movement.
The mission is scheduled to end on Friday, May 26, 2023. Further details on the mission’s conclusion will be shared at a later date.