By: Staff Writer June 28, 2022 The developer of the Kimpton Kawana Bay project in Grenada has “no choice” but to continue World Bank arbitration for the project, despite the…
Category: GRENADA
Grenada: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada
May 10, 2022 Grenada’s economy was hit hard by the pandemic, with a decline in real output of 14 percent in 2020 from both a collapse of tourism-related activities and…
Grenada: Disaster Resilience Strategy: IMF
March 18, 2022 Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building,…
Grenada: Staff Concluding Statement of the 2022 Article IV Mission
March 1, 2022 Grenada’s tourism-dependent economy was hit hard by the COVID-19 pandemic. The authorities’ decisive policy response—supported by the policy space that was created from past fiscal prudence—has helped…
Russian diplomat at core of Caribbean tech-takeover!
By: Staff Writer February 22, 2022 A controversial Russian diplomat is at the centre of a new venture in Grenada that seeks to build a cryptocurrency and Blockchain platform and…
IMF Staff Concludes 2022 Virtual Staff Visit to Grenada
January 18, 2022 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those…
EXCLUSIVE: Grenada PM speaks on Kawana Bay project failure- Developer “didn’t follow the rules”!
By Staff Writer December 17, 2021 Months after True Blue Development Ltd (TBDL) took the Government of Grenada to the World Bank International Centre for Settlement of Investment Disputes (ICSID)…
Grenada’s Agri-Food Sector to Expand with EU, CDB aid
October 4, 2021 Grenada’s farmers can look forward to increasing their exports of fresh produce following the implementation of the Agri-Food Sector Development and Strengthening of the National Food Safety…
GRENADA: World Bank determines Kawana Bay developer may have case against Govt.- True Blue arbitration will proceed.
By: Staff Writer July 16, 2021 A major developer in Grenada was given the go ahead for World Bank arbitration against the Mitchell administration over the Kimpton Kawana Bay Resort…
GRENADA: Kawana Bay developer has not used government funds for project- dismisses Prime Minister Mitchell’s “baseless insinuation”
By: Staff Writer June 29, 2021 A major developer in Grenada is saying that the prime minister is baseless in his claims that they wanted government funds to help fund…
GRENADA: Developer takes govt. to World Bank- Alleges PM Mitchell trying to “squeeze it into failure.”
By: Staff Writer June 18, 2021 A major hospitality developer True Blue Development Limited has filed claims against the Government of Grenada at the International Centre for Settlement of Investment Disputes (ICSID)…