(AGENPARL) - Roma, 19 Luglio 2023 - (AGENPARL) – mer 19 luglio 2023 [Press Releases](http://www.imf.org/cgi-shl/create_x.pl?pr)
[Open in your browser](https://www.imf.org/en/News/Articles/2023/07/18/pr23267-grenada-imf-executive-board-concludes-2023-article-iv-consultation-with-grenada?cid=em-COM-123-46925)
https://www.imf.org/en/News/Articles/2023/07/18/pr23267-grenada-imf-executive-board-concludes-2023-article-iv-consultation-with-grenada?cid=em-COM-123-46925
[IMF Executive Board Concludes 2023 Article IV Consultation with Grenada](https://www.imf.org/en/News/Articles/2023/07/18/pr23267-grenada-imf-executive-board-concludes-2023-article-iv-consultation-with-grenada?cid=em-COM-123-46925)
JULY 19, 2023
https://www.imf.org/en/News/Articles/2023/07/18/pr23267-grenada-imf-executive-board-concludes-2023-article-iv-consultation-with-grenada?cid=em-COM-123-46925
Grenada’ tourism-dependent economy continued to recover from the pandemic amidst rising energy and food prices. Growth is estimated to have reached 6.4 percent in 2022, driven by a tourism rebound and construction activity. Inflation rose moderately to 2.9 percent by end-2022, as the authorities’ policy response 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 (NPLs) of credit unions have risen.
[READ MORE](https://www.imf.org/en/News/Articles/2023/07/18/pr23267-grenada-imf-executive-board-concludes-2023-article-iv-consultation-with-grenada?cid=em-COM-123-46925)
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