Grenada and the International Monetary Fund (original) (raw)

The island nation of Grenada is the smallest country in the Western Hemisphere. A sovereign state that is located in the West Indies in the Caribbean Sea towards the southern end of the Grenadine island chain, the nation is composed of the island Grenada along with six smaller islands that lie north of it. Grenada is known as the "Isle of Spice" for its production of nutmeg and mace crops (the nutmeg even being featured on the nation's official flag), for which it is one of the world's largest exporters and contributes vastly to the country's GDP. Grenada is a developing country that relies heavily on the support of other nations and organizations to finance many of its government projects. One of Grenada's partners is the International Monetary Fund.