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Grenada

Quick Facts

Population:	89,502
Land area:	344 square Km
Capital:	St. Georges
Language(s):	English
Local Currency:	East Caribbean dollar (XCD)
Exchange:	US$1.00 = EC$2.70
UNDP Human Development Rank:	85 of 177
Life Expectancy:	65.3
Adult Literacy rate:	96.0
Official Government website:	http://www.gov.gd/

Government

Governor General - Daniel WILLIAMS
Prime Minister - Tillman THOMAS
Min. of Agriculture, Forestry & Fisheries - Michael D. LETT
Min. of Carriacou & Petit Martinique Affairs - George PRIME
Min. of Education and Human Resources - Senator Franca BERNADINE
Min. of Finance, Planning, Economic Development, Energy and Foreign Trade - Nazim BURKE
Min. of Foreign Affairs and Tourism - Peter DAVID
Min. of Health - Karl HOOD
Min. of Housing, Lands & Community Development - Alleyne WALKER
Min. of Legal Affairs - Tillman THOMAS
Min. of Social Services, Ecclesiastical Affiars & Labour - Glynis ROBERTS
Min. of Tourism - Peter DAVID
Min. of Works, Physical Development, Public Utilities & Environment - Joseph GILBERT
Min. of Youth, Empowerment, Culture & Sports - Patrick SIMMONS
Attorney General -
Ambassador to the US -
Permanent Representative to the UN, New York - Ruth Elizabeth ROUSE

Public Holidays: New Year's Day (01 January); Independence Day (07 February); Good Friday; Easter Monday; Labour Day (01 May); Whit Monday; Corpus Christi (as decreed); Emancipation Day (04 August); Carnival (Second Monday and Tuesday in August); Thanksgiving Day (25 October); Christmas Day (25 December); Boxing Day (26 December)

Economic Development

Economic Survey of the Caribbean 2007-2008

According to the survey the economies of the ECCU continued to show positive growth for the sixth consecutive year. In 2007, preliminary data indicated that growth slowed to 5.2% from 6.3% in 2006 as many public and private construction activities geared towards the CWC were completed. In addition there was a significant contraction in the tourism sector, which actually declined by 0.6% in 2007 compared to 6% in 2006. Fuelled by hikes in oil and food prices, especially in the last quarter of 2007, the rate of inflation increased to 6.1% from 1.3% in 2006 and is expected to continue on an upward trend in 2008. Economic growth will continue to slow but remain positive in 2008, projected at 3.8%, mainly influenced by the slowdown in the United States economy and rising international oil, food and other commodity prices.

In 2007 growth was strongest in Anguilla (21%), St Vincent and the Grenadines (6.9%) and Antigua and Barbuda (6.9%) while Hurricane Dean, which struck in August 2007, negatively impacted on the growth rates of Saint Lucia (1.7% compared to 4.9% in 2006) and Dominica (1.8% compared to 3.8% in 2006). Despite the challenge of continuous volcanic activity in Montserrat, the economy grew by 2.8% compared to negative growth of 3.8% in 2006. Intermediate growth of 3% was recorded in both St Kitts and Nevis while growth in Grenada was 4.4%. The main impetus of growth continued to be the construction sector with spill over effects into mining and quarrying, transportation and communication, electricity and water and banks and insurance. Construction activity will remain robust in 2008 driven by the private sector and the Public Sector Investment Programme (PSIP).

Economic Performance for 2007-2008

Government of Grenada. 2008 Budget Presentation by Dr. Keith Mitchell, Prime Minister

The New Economy

Mr. Speaker, the “new economy” of Grenada experienced real growth at an average of almost 4.0 % in the three (3) years following on the ravages of hurricanes Ivan and Emily. For this year alone, the economy grew at an acceptable rate of 3.1%--slightly below the OECS average of 3.5%.

The outlook for 2008 is for projected real growth of 4.3%. This experience of growth in the economy is reflected in the 9,400 (approximately) new jobs that were created in the period January 2005 to September 2007, impacting primarily the lives of our young people. They continue, under this Administration, to find employment and improve their lives. In the 2008 Estimates of Revenue and Expenditure, job creation will continue to receive the highest priority. In the “new economy”, Mr. Speaker, all the major sectors in the production process have experienced growth in one form or the other.

Economic Outlook for 2007

source: Grenada: 2007 Article IV Consultation—Staff Report.

Grenada’s economy has rebounded after the devastating impact of Hurricanes Ivan and Emily, with the recovery centered on reconstruction and 2007 Cricket World Cup preparations. The economic outlook is favorable, as several major tourism investment projects get underway. Inflation has been subdued. Fiscal performance, however, has been much weaker than programmed in 2006−07, owing to capital expenditure overruns. Public debt reached 125 percent of GDP at end−2006, leaving little room for maneuver in the event of exogenous shocks

Economic Statistics

Grenada: Statistical Appendix. September 2007

IMF Country Report No. 08/352

Social Development

Poverty Reduction

GRENADA: First Review Under the Poverty Reduction and Growth Facility Arrangement.

Grenada’s economy has rebounded after the devastating impact of Hurricanes Ivan and Emily, driven by reconstruction, tourism, the 2007 Cricket World Cup, and the development of several major tourism projects.

While Grenada’s outlook remains favorable, economic growth is expected to slow somewhat in 2008—to 3.7 percent— in part due to the projected slowdown in the global eco (CWC), and expansion of an offshore university. Annual inflation is projected at 7.8 percent for 2008, reflecting rising world fuel and food prices.

Grenada: a gender impact assessment of Hurricane Ivan - making the invisible visible.
It has become clear from the Gender Impact Assessment of Hurricane Ivan undertaken in Grenada from 13–19 February 2005 that the existing gender inequities in the society rendered women and their dependent children uniquely vulnerable. Aspects of their susceptibility have become apparent in the emergency, rehabilitation and recovery, and reconstruction phases which were not as evident before the disaster.
Source:UNECLAC

2005 Country Reports on Human Rights Practices (Western Hemisphere)

All men and women desire and deserve to live in dignity and liberty. As President Bush said: "The advance of freedom is the great story of our time." Promoting human rights and democracy is a worldwide phenomenon and there is a growing global discussion of democracy and the universal values protected by democratic governance.

By defending and advancing human rights and democratic principles, we keep faith with our country’s most cherished values and lay the foundation for lasting peace. Fulfilling the promise of the United Nations Universal Declaration of Human Rights and building vibrant democracies worldwide will take generations, but it is work of the utmost urgency that cannot be delayed.
Source:US Dept. of State

Education

Environment

A Global Report REDUCING DISASTER RISK: A CHALLENGE FOR DEVELOPMENT 2004
The Report addresses four key questions: - How are disaster risks and human vulnerability to natural hazards distributed globally between countries ? - What are the development factors and underlying processes that configure development? - H ow can appropriate development policy and practice contribute to the reduction of disaster risks? - How can disaster risk assessment be enhanced in order to inform development policy and practice?

The Disaster Risk Index (DRI),which is presented as the centrepiece of this Report, is a first step in addressing these questions.The DRI provides the first global assessment of disaster risk factors through a c o u n t ry - b y - c o u n t ry comparison of human vulnerability and exposure to three critical natural hazards :earthquake, tropical cycl ones and flooding, and the identification of development factors that contribute to risk. Volcanic eruption is important internationally, but lacks sufficient data for analysis at this time (see Technical Annex).

Similarly, the development of a drought DRI revealed a series of unresolved methodological and conceptual challenges, which imply that its results do not yet have the required degree of confidence. Nevertheless, the e x p l o ra t i on of these ch a llenges in itself prov i d e s important insights into drought risk and vulnerability and is presented in the Report as a work in progress. Reliance on internationally available data and the use of human deaths as a proxy for disaster losses meant that certain types of disasters were excluded from the model. An example of this is fire, which can cause widespread damage with few deaths.
Source:UNDP

Solid Waste Management

Health

GRENADA - NATIONAL STRATEGIC PLAN FOR HEALTH (2006-2010)- Concept Paper
October 2005.
The purpose of this paper is to provide some clarity on the concepts and process involved in strategic planning for health. It will first outline theoretical concepts in strategic planning for health. The papers will then discuss some interpretations of the concepts as found in Grenada and highlight key issues for consideration in the development of a National Strategic Plan for Health (2006-2010)
Source:Ministry of Health

GRENADA - NATIONAL STRATEGIC PLAN FOR HEALTH (2006-2010)- Situational Analysis
October 2005.
This analysis provides a descriptive assessment of specific country characteristics which have an effect on health. It also outlines details of the population’s health status, discusses the features of the health services and the systems which support the provision of health care in Grenada.

Source:Ministry of Finance

Legislation

Statistics

Selected statistics indicators for GRENADA
UN Statistics Division for GRENADA
Caribbean Social Statistics Database
Caribbean Trade Statistical Database

ICT Profile

POLICY STATEMENTS

Grenada’s Information Society Country Profile. ECLAC, November 2006
Three islands, Grenada, Carriacou and Petit Martinique, comprise the independent State of Grenada, member of the Organisation of Eastern Caribbean States (OECS). Known as the spice island for its centuries-old spice plantations and the abundance of nutmeg trees, the country’s economy was completely devastated by Hurricane Ivan in 2004, causing damages estimated at US$815 million, more than 200% of the nation’s GDP. Grenada’s priority since has been to rebuild its production capacity and infrastructure through a Public Sector Investment Programme.

STRATEGIC PLAN

Information and Communication Technology: A Strategy and Action Plan for Grenada 2001 - 2005
Information and Communication Technologies (ICT) offer a novel and effective tool to help advance sustainable development in Grenada. ICT is a new significant factor that can propel performance and growth of the Grenada economy. This Strategy and Action Plan represents Grenada's approach to capturing the potentials of these technologies and to utilizing them for sustainable development and the fight against poverty. Source:Government of Grenada

LEADING INSTITUTIONS

National Telecommunications Regulatory Commission

e-GOVERNMENT

ENABLING LEGISLATIONS

Telecommunications Act 2000

PUBLICATIONS/DOCUMENTS

ICT INDICATORS collected by Statistical Offices

More Information

Key Documents

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Grenada: 2007 Article IV Consultation—Staff Report
The OECS Deepening and Strengthening Integration Through an Economic Union: Frequently Asked Questions (FAQs)
AN ASSESSMENT OF THE AGRI-FOOD DISTRIBUTION SERVICES INDUSTRY IN CARICOM
Economic Survey of Latin America and the Caribbean 2007-2008
The Eastern Caribbean Central Bank 'Economic and Financial Review' March 2008
Toward a Caribbean Vision 2020: A Regional Perspective on Development Challenges, Opportunities and Strategies for
2005 BUDGET SPEECH PRESENTED BY HON. ANTHONY BOATSWAIN Minister of Finance
Grenada Budget Speech 2006
Grenada Budget Speech 2007
PUBLIC SECTOR MODERNISATION IN THE GOVERNMENT OF GRENADA 2006-2010
ECCB. Financial Statistics Yearbook. 2005
Grenada: Statistical Appendix. September 2007
CTO. Latest Tourism Statistics for the Caribbean 2008
Grenada 2008 Budget Presentation
Telecommunications Act of Grenada
Towards a Single Economy and a Single Development Vision
CARIBBEAN CONNECT: A HIGH LEVEL SYMPOSIUM ON THE CARICOM SINGLE MARKET 28 - 30 June, 2006, Sherbourne Conference Centre, Two Mile Hill, St. Michael, BarbadosND ECONOMY.
Trade Integration in the Americas
Overview of CARICOM's Trade with Canada
Background to Negotiations on CARICOM Canada Trading Arrangements