A public-private partnership project, funded by the World Bank, was approved in September 2018 between the Government and Digicel, an ICT company, under the Caribbean Regional Communication Infrastructure Program (CARCIP).
Are we the people minding our business? Are we getting information from the “powers that be”? Do we really know what is going on?
And, most recently in Parliament, the Prime Minister explained that it was a 40 year loan with a 10 year grace period and repayable at less than 1 percent interest rate. He suggested that given the low rate of interest it was almost free money. He also commented that he would not have to worry about paying it back since he would definitely be out of Parliament by the time the grace period was up.
In May 2016, Blue Economy crashed into Grenadian consciousness. Grenada was holding an International Blue Investment Conference at Radisson, next door to Camerhogne Park. Who was participating? Did the disappearance of the Camerhogne Park signage have anything to do with this Conference?
Over the period January 24th to February 5th, 2017, Grenada hosted Sustainable Islands, Blue Week 2017. The agenda brief provided valuable information and indications as to the direction of the Government of Grenada re its Blue Growth Coastal Master Plan The following is an attempt to summarize some key information and also offers observations and queries.
Noting that small states are vulnerable to climate change impact, their indebtedness increases when there are extreme weather events and also noting that their dependence on aid is expected to continue well into the foreseeable future, Amb. Friday suggested that it was time to “change the narrative” on small states.
At the Second National Consultation on Blue Growth and the Blue Economy held at the Grenada
National Stadium, February 3rd, 2017, Ambassador Angus Friday informed participants about
Grenada’s proposed Debt Swap Initiative and the Blue Innovation Institute. The Budget
Statement 2017 has mentioned the Blue Innovation Institute was being considered as a special
vehicle to facilitate debt swap arrangements.
