Grenadian leader discusses debt and assistance in Washington

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WASHINGTON, DC (Oct 11, 2017) – Grenada’s Prime Minister Dr. Keith Mitchell has begun a series of meetings with World Bank and International Monetary Fund officials on the first day of a five-day visit here, that will also see him attending the World Bank annual general meeting.

During the week, Prime Minister Mitchell will also attend a Commonwealth Finance Minister’s meeting `and also lead the discussion at a Small States Forum on the issue of climate change and resilience.

On Friday Prime Minister Mitchell will host a high-level roundtable called Partners Action on Hurricanes. He is set to share the stage with Sir Richard Branson, international businessman, and climate change advocate.

Prime Minister Mitchell, who arrived in DC in the early hours of Wednesday morning, started early with a series of meetings with World Bank officials, including a meeting with the World Bank Vice President for Latin America Mr. Jorge Familiar.

In addition to discussing possible additional World Bank funding to disaster-hit countries in the region, Dr. Mitchell also discussed possible World Bank assistance to Grenada in areas such as public sector reform, ICT, agriculture, and tourism.

 

During two separate meetings with World Bank officials, Grenada was praise for its economic management, with one official stating that its fiscal approach is something that needs studying and copying throughout the region.

The World Bank promised more assistance to Grenada, noting that a number of projects are currently actively under consideration.

The Grenadian leader is participating in a late morning forum at the headquarters of the International Monetary Fund discussing the issue of sovereign debt for developing countries in the face of rising vulnerabilities.

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