Prime Minister Dr Keith Mitchell has told Grenadians that they should be prepared to undergo three years of tough sacrifices as the island implements an economic strategy with assistance from the International Monetary Fund (IMF).
Mitchell said Grenada continues to feel the effects of the difficult economic times as highlighted by the country’s high debt, high unemployment, and low growth.
In March, the IMF said it had reached an agreement in principle with the Grenada government for a three-year US$21.9-million Extended Credit Facility to support the country’s programme to correct its fiscal imbalances and create sustainable growth.
As a result of the IMF agreement, the Grenadian government said it would also be able to secure US$100 million in loans and grant funding from regional and international lending agencies.
Source: ja gleaner
GRENADIANS TOLD TO PREPARE FOR HARDER TIMES
HARDER TIME AINT COMING. IT SCARED IT WILL BE TAXED
WHERE ARE THE JOBS??? WHERE ARE THE INVESTORS???>??
YOU NEVER PROMISE US HARDER TIMES DURING THE ELECTION CAMPAIGN, SO WHY SHOULD I PREPARE FOR IT
MAN MAKE HASTE AND DELIVER, BUT THEN YOU DO NOT HAVE ANY SHAME
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By: sheila Jones 6/6/2014 5:34:22 PM
Gabe,Littleboy,other like minded progressive Grenadians.Yes, we need to grow local industry to curb unemployment, reduce debt ratio, increase wealth production. I can partner with someone in the manufacture of value added soursop products (pulping, ice cream, juice etc) on a commercial scale. Are there any interested readers? Let us develop the local economy and create jobs locally!!!
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By: Nutmegfarmer 6/6/2014 1:01:12 PM
O yes I can smell a rat...people should not forget what happen ....cap bank took all the poor people money.
By: Theresa 6/17/2014 6:10:08 PM
Nothing to smell other than one Grenadian attempting to expand the local economy for the benefit of all. What is your fear, actually!!
By: Nutmegfarmer 6/19/2014 1:25:45 PM
Bro Littleboy ,Greeings and let me say again that you have always been steadfast with your direct posting ,for example here is a report from a world renowned businessman the respected Dr.Sir Ronald Sanders who writes quote that in 2013 several Caribbean countries have seen the debt per GDP risen by by an unmanagable amount and our Grenada is rank 2nd with 115%high debt ratio and this has been compounded more so because we imported more food instead of eating what we grow,and he goes as far as to say that it is hoped that the coming meeting Suriname on the 10th June will see a realization of the issues facing our country,also it is noted that the level of poverty currently in grenada is 37.7% with a high % of our youths now unemployed and what does that say for a government who came into power boasting of caring and is concerned about our poor and needy and youths here in Grenada.
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By: gabe 6/6/2014 6:34:15 AM
Gabe, this means they lied, we all know how that debt was made and came about. We spoke about it again and again. Keith Mitchel and his crew during their three terms did that to us for sure. Now I see Judas Peter David has joined Keith, but mark this Keith is no slouch and knows a scumbag when he sees one. Lets watch and see what will happen in the near future.
By: Littleboy 6/7/2014 11:23:40 PM
Why don't they plant? Why won't they work the soil. We have the best soil in the world for agriculture. I say if they don't want to work, let them suffer
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By: littleboy 6/6/2014 12:39:51 AM
Now the truth is at long last being told by the snake charmers and Deceivers ,who about a year and a bit ago told our unsuspeced people a bunch of terrible lies on the promise of Rescuring Grenada from the mire of the Ndc and as the Snake man and his advisers said at the time( quote Good times is ahead) by voting for the NNP, now behold they are in office,with the IMF and the World Bank running Grenada ,the pressure is on ,Taxes up all round,food prices up all round,the so-call INVESTMENT TRAIN is no where to be found ,why? because grenada is broke ,our people is down beat,our Male students the ones who fell for the Nnp lies before the election is dropping out like flies,while this government who says that the previous government were employing several quangos when they were last in office ,is now themselves deep in mess as the latest figues shows that there are now several old nnp loyalist now being called out of the woodwork and is being given JOBS while hundreds of our school leavers is sitting on their backside doing nothing ,put ther by a Government who boasted about caring for the youths in our society,grenadians please wake up and take note and smell the rotteness of this deceivers,for our country grenada the isle of spice is in a mess poliically,socially and economically and yes as the head deceiver said ,IT IS GETTING WORSE while KCM and his croonies is in power,grenadians please dont sit back and wait for the crumbs from Kcm and his croonies table to fall on the floor before our people can get a proper meal on their table to feed their families ,grenadians please wake up for it is fair to say that when the severe hard times comes Kcm and his Gang will still be drinking champagne and laughing at the expense of our people,while our people will be drinking ginger beer and mauby so to speak,Grenadians please wake up and take a close look at what is now happening in our beloved country,for example those croonies who is as is quoted willing to join the Greedy deceiving gang is doing so because they are all in it together riding on the gravy Train until the handouts runs out and are they themselves political deceivers who is using the backs of our poor people to fatten the greedy bellies while our old and needy children suffers under the financial pressure of this nasty self egotist party.
