THE IMF SAYS GRENADA IS NAVIGATING ITS RECOVERY FROM THE TWIN SHOCKS OF THE PANDEMIC AND A RISE IN ENERGY AND FOOD PRICES

The International Monetary Fund (IMF) says Grenada is navigating the recovery from the twin shocks of the COVID-19 pandemic and a rise in energy and food prices.

At a media conference held earlier today Head of the IMF Mission Chief for Grenada, Ms.Huidan Lin says past fiscal prudence has provided the space needed to cushion the impact.

The IMF Mission Chief says the fiscal balance, excluding interest payments is estimated to have maintained a surplus of 2.6 percent of GDP.

Ms. Lin indicated that short term risk, as well as long-term, remains citing economic slowdown of key tourist source markets, such as the US and the U.K.