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Grenada optimistic about amicable debt relief talks

Published:Thursday | August 7, 2014 | 11:45 AM

The Grenada government says it remains optimistic that an amicable solution will be found as it seeks to honour its debt with national and international creditors.

The declaration came in the wake of a recent ruling by a United States court instructing Argentina to meet its financial obligations to its creditors.

There have been suggestions that the decision by Argentina to default on its payment could also have an impact on Grenada, since both countries have the same creditors.

In 2013, Grenada defaulted on its payment to its international creditors, resulting in a sharp rebuke and demands for payment.

Prime Minister Dr Keith Mitchell told the Caribbean Media Corporation that as far as the debt is concerned, the more debt relief the island is able to attain, the better for the future development of the country.

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