Question

• Political system and structure in grenada
• Stability of government in grenada
• Bribery and corruption risk/index in grenada
• Future political risks, if any in gfrenada

Answer 1

The history of the Caribbean island of Grenada begins in the early 17th century. First settled by indigenous peoples, by the time of European contact it was inhabited by the Caribs. Grenada achieved independence from Britain in 1974. English is the country's official language but the main spoken language is either of two creole languages (Grenadian Creole English and, less frequently, Grenadian Creole French).

Political system and structure in Grenada:

Politics in Grenada takes place in a framework of a parliamentary representative democracy, whereby the Prime Minister is the head of government. Grenada is an independent Commonwealth realm. It is governed under a multi-party parliamentary system whose political and legal traditions closely follow those of the United Kingdom; it has a prime minister and a cabinet, and a bicameral Parliament with an elected House of Representatives and an appointed Senate. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. Constitutional safeguards include freedom of speech, press, worship, movement, and association.

The Government of Grenada is divided into three parts, or branches: the legislative branch, the executivebranch, and the judicial branch.

Stability of government in Grenada:

The political stability in Grenada seems to be healthy while going through the past reports. Normally the stability of the government is decided by,

• Record of peaceful transitions of power
• Record of democratic representation, presence of instruments of democracy
• Respect for human rights; respect for civil rights
• Strength of the system of jurisprudence
• Ability of a government to stay in office and carry out its policies
• Level of unchecked crime and corruption
• Risk of terrorism and other threats to national security
• Relationship with regional powers and international community
• Degree of economic strife

The political stability has been calculated by keeping the above parameters for Grenada. The ratings are on a scale of 1 to 10. (1 is poor and 10 is excellent). As per that the rating received by Grenada was 8.5. (Ref: The Global Economy.com).

Bribery and corruption risk/index in grenada

Bribery is illegal in Grenada. Grenadian officials take allegations seriously. Corruption allegations may be handled by a variety of institutions, including the Ombudsman, the Financial Intelligence Unit of the Ministry of National Security, the Attorney General and the Department of the Public Prosecutor.

BRIBERY & CORRUPTION – (Grenada AML Report)

​Rating                                                                         (100-Good / 0-Bad)

Transparency International Corruption Index                        53

World Governance Indicator – Control of Corruption             67

Future political risks:

Politically the government seems to be stable and the situation will remain as the Prime Minister Keith Mitchell and his New National Party (NNP) won all 15 parliamentary seats for the third time in the 2018 elections. Grenada is always at risk of natural disasters such as hurricanes, the country hasn't been hit by any hurricanes in fifteen years, making it one of the Caribbean countries with the lowest risk of being affected by such disasters. As a result, Grenada's economic situation tends to be more stable than those in risk areas, where natural disaster damage can have a huge economic impact. Also, the IMF has recognised Grenada's structural adjustment program as significant in reducing debt and improving public finances.

According to the updated IMF forecasts from 14 April 2020, due to the outbreak of the COVID-19, GDP growth is expected to slow down to -8% in 2020 and pick up to 6.1% in 2021, subject to the post-pandemic global economic recovery.