GOVERNMENT OF GRENADA HAS COMMENCED ITS OUTREACH TO CREDITORS ON THE RESTRUCTURING OF ITS PUBLIC DEBT

Last Updated on Thursday, 16 May 2013 12:02 Friday, 22 March 2013 12:26

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NEWS RELEASE: MINISTRY OF FINANCE & ENERGY

DATE: March 13, 2013

THE GOVERNMENT OF GRENADA GOVERNMENT HAS COMMENCED ITS OUTREACH TO CREDITORS ON THE RESTRUCTURING OF ITS PUBLIC DEBT ST. GEORGE’S, GRENADA, Wednesday, March 13, 2013:Since the announcement, of its intention to restructure its Public Debt, on Friday March 8, 2013, the Government of Grenada has begun its outreach to its creditors.

 

On Monday March 11, 2013, Officials from the Ministry of Finance held a meeting with the Grenada Bankers’ Association. Meetings with some local and regional investors were also held on the same day. The response to this outreach has been very positive. Creditors have expressed appreciation for the professional manner in which the Government of Grenada has engaged its creditors on the issue of Debt Restructuring. At this stage, the terms of the restructuring have not yet been determined. The process of engagement with creditors will gather pace after the presentation of the 2013 Budget, next month.

Petra Charles - Joseph
Corporate Communications Officer
Ministry of Finance, Planning, Economy, Energy & Cooperatives
The Carenage, St. George's
Grenada

Tel: (473) 435-0057; 440-2731/4 ext 1108 Fax: (473) 440-4115
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