Tel: (473) 440-2640/2712/3036

Fax: (473) 440-4184

Email: foreignaffairs@gov.gd

Why Grenada’s National Debt is Falling

ST. GEORGE’S GRENADA, March 23, 2017 –GIS: A leading official of the International Monetary Fund (IMF), has identified four areas responsible for the dramatic decline of Grenada’s national debt under the Keith Mitchell led government.

Nicole La Framboise, the head of the IMF mission on a recent trip to St.George’s says debt relief and restructuring, fiscal adjustment and strong GDP growth are the factors triggering a big fall in the public debt.

Statement at the End of a Staff Visit to Grenada

An International Monetary Fund (IMF) team led by Nicole Laframboise visited Grenada from March 15-22, 2017 to conduct discussions on the Sixth Review of Grenada’s IMF-supported program under the Extended Credit Facility (ECF). The ECF arrangement was approved on June 26, 2014 for an amount of SDR 14.04 million (then US$19.4 million, or 120 percent of Grenada’s quota at the IMF). Thus far, total resources of SDR 12.04 million (about US$17.5 million) have been made available to Grenada under the arrangement.

Grenada PM Applauds Coast Guard After Rescue Mission Saved Sailors Bound for SVG

ST. GEORGE’S, GRENADA, MONDAY 13 MARCH, 2017– GIS:  Prime Minister and Minister of National Security Dr. Keith Mitchell has commended the Grenada Coast Guard for mounting a rescue mission to save the MV Persia II, which sank of the coast of Grenada earlier this month.

The MV Persia II was en-route to St.Vincent from Trinidad when it developed a leak and began to sink about nine miles off the coast of Grenada.

Creating a Free Zone

ST. GEORGE’S, GRENADA, March 20, 2017 – GIS:  The search for real estate is underway, and once the arrangement between Government and the Brazilian company Urbaniza gets going, there is expected to be a significant boost in employment in the country.


According to Prime Minister of Grenada Dr. Rt. Hon. Keith Mitchell, who was speaking with students of the T.A. Marryshow Community College at a recent motivational forum, the plan is to develop a duty-free site under the terms of a long-term lease with the Government of Grenada.

About Us

The Ministry of Foreign Affairs of Grenada is the entity responsible for the formulation and execution of the foreign policy of the State of Grenada as it involves the bilateral or multilateral relations with other states and with regional and international organizations.  Indeed, the Ministry serves as the formal point of contact with the international community.

Contact Information

Ministry of Foreign Affairs
Ministerial Complex, Fourth Floor
Botanical Gardens
Tanteen, St. George's
Tel: (473) 440-2640/2712/3036
Fax: (473) 440-4184
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
 

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