In a letter sent to Grenada’s Finance Minister, Hon. Nazim Burk, the Export-Import Bank of the Republic of China on Taiwan has demanded immediate repayment of approximately US$25 Million loan given to the Grenada Government under previous administrations. The loans contracted by the Grenada Government were spread out over an 11 year period: US$10 M in 1990, US$8 M in 1997 and US$10 M in 2001. Two separate loans were secured in 1997 (US$2 M and US$6 M). The Export-Import Bank signaled its strong intentions to move ahead very aggressively towards enforcing the judgment against Grenada (obtained in March 2007) within the United States and throughout the world following the failure of the Grenada Government to service the loans. Grenada at one time had cordial diplomatic relations with Taiwan but the relationship was seriously strained in later years and was finally severed in 2005 after which Grenada re-established diplomatic relations with the Peoples’ Republic of China (PRC). The Grenada Government is believed to be presently seeking the expert services of a legal consul in New York to assist the country in dealing with this current legal and financial quagmire. The current national debt is believed to be somewhere in the region of 2 billion dollars and with the Grenadian economy reeling from the effects of a global economic recession, the obvious demands on the present administration to meet the country’s financial commitments and obligations to all parties concerned will no doubt continue to pose serious challenges for the Tillman Thomas led National Democratic Congress.