IMF says Grenada’s unemployment is falling, public debt declining

Deputy Managing Director of the International Monetary Fund (IMF) Tao Zhang met with Prime Minister Keith Mitchell in St. George’s late last week.

Following the meeting, Zhang made the following statement:

“It is my pleasure to visit Grenada for the first time. I would like to thank Prime Minister Mitchell, members of the Parliament and cabinet, and representatives of the private sector for their warm welcome, hospitality, and productive discussions.

“During our meeting, Prime Minister Mitchell and I discussed the latest economic developments. I congratulated him on Grenada’s successful record of policy implementation. Growth is among the highest in the Caribbean region, unemployment is falling, and public debt is declining.

“PM Mitchell and I also discussed the importance of early preparedness to protect Grenada against natural disasters and climate change and key dimensions of resilience-building policies. We at the IMF value our relationship with Grenada and stand ready to help the country build a more prosperous and inclusive economy.”

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