ECONOMY Archives Page 4 of 6 - We the People

SAP and the National Insurance Scheme

July 22, 2017

We the people have been aware for the longest while that the National Insurance Scheme had become a sort of piggy bank to successive political administrations. The recently concluded Structural Adjustment Programme has sharpened our awareness of how much central government may have been presiding over the pauperization of the NIS and other state-owned entities. Most of we the people never took a keen interest in the operations of the NIS. Every time, the central government was in a “jam”, NIS “helped out” by “investing” in government paper.

SAP and the Gravel and Concrete Emulsion Production Corporation

June 26, 2017

During the first half of 2014, prior to the signing of its agreement with the IMF, a review of the operations of the various SOEs was undertaken. The Government of Grenada prioritized the restructuring of the Grenada Postal Corporation and the Gravel and Concrete Emulsion Production Corporation.

SAP and the Grenada Postal Corporation

June 17, 2017

What is the status of the Grenada Postal Corporation and the Gravel and Concrete? Has the
Government of Grenada divested itself of the control and ownership of these State Owned
Enterprises? Has it entered into partnership with any other entity or individual? What is
Government’s intent? These are some of the queries that citizens of Grenada have been seeking
answers to over the last year and a half? Direct questions to the “authorities” have not elicited
answers which shed any clarity on the matter.

Sustainable Islands Blue Week 2017

March 3, 2017

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.

Second National Consultation, Grenada – Blue Growth and the Blue Economy

February 10, 2017

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.

Blue Innovation Institute, Debt Swap and the Bue Economy

February 8, 2017

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.

To Minister of Finance re Shared Sacrifice

January 14, 2012

Hon. Minister, the business of government requires revenue and government has the constitutional authority to raise revenue through taxes. Individuals and businesses have an obligation to pay taxes. But when a government gives up its right to collect taxes or to impose taxes in the future, as is the case of the agreement signed with the SGU, then it is no wonder that the government does not have revenue to conduct its business and meet its social obligations. How then can it call on individuals and local struggling businesses to make sacrifices?

Cap Bank: To Be or Not to Be

September 30, 2008

“The New National Party administration, led by Dr. Keith Mitchell, was well aware that Capital Bank Int. was not duly licenced. All banks in the Eastern Caribbean Currency Union, of which Grenada is a part, are licensed on the recommendation of the Eastern Caribbean Central Bank. This procedure is provided for in the law which set up the Eastern Caribbean Central Bank to be the sole, regulatory authority of all banks, foreign or indigenous, operating in the sub-region. Dr. Keith Mitchell therefore acted outside of the law when he re-issued a licence to the bank without the review and recommendation of the ECCB…”

When a Government Loses Its Integrity

September 5, 2008

Last week, it would seem that the forces of the New National Party were rousing themselves from the stupor of that blow delivered on July 8th , Liberation Day.. The detention of former Legal Advisor to Cabinet, Hugh Wildman, seemed to have catapulted them into action and they came out with “guns blazing”. They held a press conference that was broadcasted live. At times, one had to wonder whether it was really Grenada the NNP opposition was talking about.

Putting the Sale of C & W Shares in Context

March 31, 2008

The divestment of these Cable & Wireless shares is part of the conditions that the government committed to in order to access from the IMF a 3- year arrangement under the Poverty Reduction and Growth Facility equivalent to Special Drawing Rights 10.53 m ( or 90 percent of the available quota).

We the People - Grenada

Keeping an eye on the people's business

ECONOMY