The Government of Grenada successfully negotiated the settlement of US$5 million in longstanding debt arrears owed to the State of Libya.
These debts were contracted in the 1980s by the People’s Revolutionary Government (PRG).
Longstanding unresolved debt arrears to Libya, Algeria, and Trinidad and Tobago have adversely affected Grenada’s credit rating, placing the country in the category of “Selected Default” or “SD.”
The Government of Grenada will continue to make concerted efforts to resolve the remaining debt arrears to Algeria and Trinidad and Tobago, respectively, as regularisation of these arrears will greatly assist in unlocking the financial resources needed to support Government’s transformational agenda.
The settlement agreement was signed in Washington, DC yesterday by Libya’s Minister of Finance His Excellency Dr Khalid Al Mabrouk Abdalla, and Grenada’s Minister of Economic Development, Planning, Tourism, ICT, and the Creative Economy Honourable Lennox Andrews, on behalf of Prime Minister and Minister of Finance Honourable Dickon Mitchell.
Honourable Lennox Andrews is currently in Washington, DC attending the 2022 Annual International Monetary Fund (IMF) Meetings.
GIS
Seems everybody thinks it’s easy and there’s always a simple answer, but when, truly, is that the case? Grenadians work and work hard and well, but who pays a decent wage? Justice and fairness is hard to find when corruption and thieving starts at the top and goes all the way to the bottom. Education and fair wages should be the top priority in a country as rich and endowed as Grenada, there is a difference between being poor and being cheated.
Jaz and A married or what?
Keith Mitchell did nothing good for Grenada and once we got him out of office the mess he created remains. Put him on a one way flight to somewhere far-far away.
Wow…from the 80s.
Kieth Mitchell recklessness caused Grenada $100s of millions.
Yet, folks were jumping around with let the progress continue…what progress…and for who?
Outrageous