The new government in Grenada inherits many economic challenges, such as reducing high debt and tightening fiscal discipline.
That's the assessment of the international ratings agency Standard and Poor's.
It said Prime Minister Tillman Thomas and his new team will also have to tackle long-postponed structural economic reform.
The agency also noted that, importantly, Mr Thomas will start in the environment of improved cooperation with the IMF, a critical factor in Grenada's relations with investors and creditors.
Reprinted from bbccaribbean.com
ECONOMIC CHALLENGES FOR NEW GOVERNMENT
come on mr donavan and mr hangman lets give this new government a chance as you both know very well Rome was not built in a day,and as for the hangman please remind me again the extent of the so called developement do you mean,the hospital by the sea side,the stadium, some of the works that was done in st.georges the road buildings yes they have done somethings,but at major cost to grenadians,especially the very poor amongst us now tell me what about the youths ,the old age pensioners,the local farmers please tell me what was done to help these people so please stop looking at your rose tinted glasses and lets give this new government a chance then and only then we can judge them on their performance to deliver,so please lets give peace a chance for all our sake.
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By: gabe 7/15/2008 9:45:06 AM
Good for you hangman .. rightfully so no time for ex cuses Global economic problems did not come on the night of July 8th and all the promises were made get down to work and deliver
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By: Donavan 7/11/2008 3:45:19 PM
The PM starts his excuses.There is no time to complain,just do the job you were elected to do.Grenada cannot look like a primitive place again,as some caribbean countries.We have come a long way and sometimes you have to borrow money to develope your country.Please MR cheapo remember that.We got a taste,and we smell blood for developement.We will not accept no stories and excuses,why we cannot progress.Will it be one term?
