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Grenada - Economic memorandum, Volume 1
Collection Title:A World Bank country studyCountry:Grenada;
Date Stored:2003/08/01Document Date:1985/10/31
Document Type:PublicationSubTopics:Environmental Economics & Policies; Economic Theory & Research; Banks & Banking Reform; National Governance; Public Sector Economics
Major Sector:(Historic)Economic PolicyRegion:Latin America & Caribbean
Report Number:PUB5606Sub Sectors:(Historic)Macro/non-trade
Volume No:1  

Summary: This report is based on the work of an economic mission to Grenada during January 1985. The country's economic growth since the revolution in March of 1979 is reviewed and the economic strategy of the new government elected in December 1984 is described. Development policy issues in agriculture, tourism, and manufacturing are discussed with particular attention to the government's plans for revitalization of agriculture as the keystone to promoting economic growth. The following needs are identified: comprehensive fiscal reform to improve incentives for productive activities; strengthening of public finances through reorganization and reduced role of public sector and reform of public enterprises; promotion of private investment through improved incentive program and upgraded economic infrastructure; reduction of unemployment levels; and continued liberalization of the economy, particularly in areas of trade and price controls.

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