“After campaigning in 2013 on a platform of no new taxes and a pledge not to go to the International Monetary Fund (IMF) immediately on forming the government, the NNP broke its promises and took Grenada to an IMF monitored Structural Adjustment Programme (SAP).” read more
The government’s negotiating team said that while it recognises that the union leadership may demand more for its members, government has to be guided by its responsibility to the nation, which includes all other workers in the economy who also shared in the sacrifice for recovery. read more
After hearing both teams, Minister Joseph assured them that he will give his recommendations as to what the one-off payment should be within an 8-day span. Therefore, an answer should be given by 27 September 2017. read more
Alexander urged the general public to give due consideration to what the PM says and does not say. He believes that what is needed to help Grenada’s situation is the proper management of the country’s already scare resources, not the addition of more ministers and advisers. read more
The Grenada Lower House of Parliament has approved for government to purchase US$1.27 million in shares stock in the International Bank for Reconstruction and Development (IBRD). read more
PM Mitchell said this is an important session, which has come at a crucial time. He believes that Grenada’s economy is doing significantly well upon completing the SAP. “We can all be proud that we have been experiencing significant improvement in the economic and social circumstances of our country.” read more
“Mitchell has saddled Grenadians, without their awareness, to enduring extreme fiscal structural reforms as contained in the Letter(s) of Intent, Memorandum of Economic and Financial Policies (MEFP), and Technical Memorandum of Understanding of the Government with the IMF on the SAP.” read more
“Supporting the Fiscal Responsibility Amendment Bill, private sector representative, Senator Chris De Allie said, from a private sector point of view, it is a good formula for accountability.” read more
