ST. GEORGE’S, Grenada, CMC – The Grenada government says it is meeting its obligation to creditors because of a new strategy through which it has categorised the debt owed.
“One of the things we declared early since winning the February 19 general election was the need for debt restructuring and we began a process which now put some debts within the relief pool and some outside,” Prime Minister Dr. Keith Mitchell has said.
“For example, our commitments to local banks are not part of the restructuring but our bondholders and international lenders are whom we are negotiating,” said Mitchell who is also the finance minister.