Grenada seeking to trigger debt suspension clause

St George, Grenada, CMC – Grenada has written to financial agencies and multilateral partners requesting that the debt payment suspension clause in several loan agreements be triggered because of the devastation on the country by Hurricane Beryl earlier this week.

In 2022, the national debt of Grenada amounted to an estimated US$0.77 billion.

“The Minister of Finance has already written to some of our multilateral partners to indicate to them that this catastrophic event has...