The Government of Grenada successfully negotiated the settlement of\u00a0 US$5 million in longstanding debt arrears owed to the State of Libya. These debts were\u00a0 contracted in the 1980s by the People\u2019s Revolutionary Government (PRG).<\/p>\n
Longstanding unresolved debt arrears to Libya, Algeria, and Trinidad and Tobago have\u00a0 adversely affected Grenada\u2019s credit rating, placing the country in the category of \u201cSelected\u00a0 Default\u201d or \u201cSD.\u201d<\/p>\n
The Government of Grenada will continue to make concerted efforts to resolve the remaining\u00a0 debt arrears to Algeria and Trinidad and Tobago, respectively, as regularisation of these arrears\u00a0 will greatly assist in unlocking the financial resources needed to support government\u2019s\u00a0 transformational agenda.<\/p>\n
The settlement agreement was signed in Washington, D.C. yesterday by Libya\u2019s Minister of\u00a0 Finance, His Excellency Dr. Khalid Al Mabrouk Abdalla, and Grenada\u2019s Minister of Economic\u00a0 Development, Planning, Tourism, ICT, and the Creative Economy, Honourable Lennox\u00a0 Andrews, on behalf of Prime Minister and Minister of Finance, Honourable Dickon Mitchell.<\/p>\n
Honourable Lennox Andrews is currently in Washington, D.C. attending the 2022 Annual\u00a0 International Monetary Fund (IMF) Meetings.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government of Grenada successfully negotiated the settlement of\u00a0 US$5 million in longstanding debt arrears owed to the State of Libya. These debts were\u00a0 contracted in the 1980s by the People\u2019s Revolutionary Government (PRG). Longstanding […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":10838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,39],"tags":[],"class_list":{"0":"post-10837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-government-news","8":"category-local-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=1068%2C801&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=1068%2C801&ssl=1",1068,801,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg",1068,801,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg",1068,801,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=300%2C225&ssl=1",300,225,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=1024%2C768&ssl=1",1024,768,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=1068%2C801&ssl=1",1068,801,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?fit=1068%2C801&ssl=1",1068,801,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=1030%2C438&ssl=1",1030,438,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=678%2C381&ssl=1",678,381,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=678%2C509&ssl=1",678,509,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2022\/10\/Libya-Grenada-Settlement-Agreement-Group-Photo-1068x801.jpeg.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Government News<\/a> Local News<\/a>","rttpg_excerpt":"The Government of Grenada successfully negotiated the settlement of\u00a0 US$5 million in longstanding debt arrears owed to the State of Libya. These debts were\u00a0 contracted in the 1980s by the People\u2019s Revolutionary Government (PRG). Longstanding [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/10837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=10837"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/10837\/revisions"}],"predecessor-version":[{"id":10839,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/10837\/revisions\/10839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/10838"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=10837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=10837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=10837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}