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Trinidad to assist Grenada with debt relief

Oct 27, 2015 04:15PM

ST. GEORGE, GRENADA, OCT. 27, 2015 - GIS: Prime Minister Dr. Right Honourable Keith C. Mitchell held inaugural discussions with Trinidad and Tobago’s Prime Minister, Dr. Hon. Keith Rowley, at the Office of the Prime Minister, Port of Spain, on the 20th October, 2015, on a number of matters of importance to the their two countries.

 

One of the major issues on the agenda was a proposal for debt relief that was put forward by the Grenadian leader and Minister of Finance.

The Prime Ministers exchanged their positions on the present debt levels of both countries, and discussed prescriptions for reducing the unacceptably high level of debt which impacted the national development of their respective countries.

 

The Prime Ministers committed to assisting each other both in respect of policies, relief and other measures where possible.

 

The Trinidad and Tobago Prime Minister pledged his commitment to assisting Grenada with the treatment of its bilateral debt to Trinidad and Tobago. He asked the Grenada Finance Minister to provide a brief and start the follow up process with Trinidad and Tobago’s Finance Minister, Honourable Colm Imbert, who was also present at that meeting.

 

In their discussions, the Prime Ministers reiterated that the trading relationship between Grenada and Trinidad and Tobago, (with Trinidad and Tobago being Grenada’s largest trading partner), was too significant to be taken lightly, and needed to be advanced through such mechanisms as a deepened commitment to the CARICOM Single Market and the Economy.

It was the first meeting between the two Heads since Dr. Rowley assumed the office of Trinidad and Tobago’s new Prime Minister in early September.

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