IMF Commences 2023 Article IV Consultation With Grenada

PR –  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 Ms. 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.