We the People - Grenada

Keeping an eye on the people's business

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“Democracy is not a spectator sport.”
Lotte Scharfman
“The most important political office is that of the private citizen.”
Louis Brandeis
“I wish I could shut up. But I can’t and I won’t.”
Archbishop Desmond Tutu
“It is the first responsibility of every citizen to question authority.”
Benjamin Franklyn
“A nation of sheep will beget a government of wolves.”
Edward Murrow
“The most common way people give up their power is by thinking they don’t have any.”
Alice Walker
“When a government loses integrity, times are dangerous. When the populace accepts the loss, times are desperate.”
Pam Brown
“Every country gets the government it deserves.”
Joseph de Maistr
“Free and fair elections can give us a government of the people; but only an active, informed and vigilant citizen can give us a government by the people for the people.”
H. Kwasi Prempeh

ECONOMY

Part 4, Spotlight on Public Debt – Debt Restructuring

December 28, 2017

Under the three-year Structural Adjustment Programme (June 2014 – June 2017), the Government of Grenada, with the support of the IMF, negotiated debt restructuring arrangements with a number of its creditors – domestic creditors, international bond holders and holders of commercial debt, Paris Club official bilateral and non-Paris Club bilateral creditors and Ex-Im Bank, Taiwan – to obtain some form of debt relief, a reduction in total debt stock and/or cash flow relief.

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Part 3, Spotlight on Public Debt – External Debt

December 27, 2017

Part 3 of Spotlight on the Public Debt takes a look at the following:- total external debt and external debt service in comparison with total public debt and total debt service; external creditors; commercial bonds – the amounts making up the commercial bonds and the evolution of these debts vis-a-vis restructuring; selected external creditors

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Part 2 – Spotlight on Public Debt, Domestic Debt

December 27, 2017

Part 2 of Grenada’s Economy in 2017 takes a look at fiscal performance over the period 2013 – 2017.
The fiscal account reflects the situation re the country’s revenue and expenditure – recurrent and capital – loans and debt, servicing, both interest and principal repayments.

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GCNA-GCA Amalgamation

December 16, 2017

GCNA-GCA management amalgamation had resulted in administrative savings of $0.5 mill. Some persons who had been paying attention had noted that the GCNA appeared to be without a Manager for an extended period and were advised by persons who should be “in the know” that the GCA Manager was “keeping an eye on things”. Why was there this “mystery” about what should be a straight-forward explanation? Were the farmers advised that this was a policy decision on the part of both Boards?

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Tracing Grenada’s Trajectory, Blue Economy and Blue Growth

October 9, 2017

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?

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SAP and the Grenada Co-operative Nutmeg Assn.

July 31, 2017

In its Memorandum of Economic and Financial Policies annexed to the Letter of Intent of June 12th, 2014 through which Grenada entered into an agreement with the IMF, Grenada committed “to liberalize certain sectors to boost private sector participation and expand capacity.” Among those sectors identified for liberalization were the nutmeg and cocoa sectors: – “the Government will support the liberalization of the nutmeg and cocoa sectors, so as to encourage increased efficiency, and boost farmers’ incomes. This was categorized as a measure intended to “boost growth and social protection”

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