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5/8/2009 
TAIWANESE BANK DEMANDS REPAYMENT OF US$25 MILLION LOAN  
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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.
 

 


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TAIWANESE BANK DEMANDS REPAYMENT OF US$25 MILLION LOAN  
123456 Pgs
Hangman we lack the know how to rule ourselves. We have tried it over the years and it has not worked. We did not need independence. Maybe we should link up with another country or territory. This may serve our best interest.
00By: Manicooface
5/20/2009 4:47:47 PM
Hangman, this same China you are complaining about is also giving Grenadians free scholorships and education to learn brother. Remember Sparrow said, to earn you have to learn. Don't bite the hands that feed you brother.
00By: Littleboy
5/20/2009 4:27:56 PM
Nat Turner was a slave who killed many. Then he was later hung. Is that being successful. China is now a giant among many nations. Things were really rough before, but its getting better now. I personally can see it changing more for the better. Do you know how much America owes China? Was it not China that built your stadium for you when you were liming and hanging out and talking the same trash you are now? Was it not China who built all the bridges for you and fixed up Hit Me Easy in Grand Etang by Birchgrove? Where were you and your leaders? Was it not China and Taiwan who loaned Grenada all this money that your leaders squandered and Grenadians may have to pay back now thru heavy heavy taxes? Yeah your leader Mitchel did some work,but stole the majority of it all and now you are stuck? And where is Keith Mitchel now? HE may be tried in America soon?Was it not your leader Mitchel who worked up that deal to give away the best piece of real estate to Hamilton for free for 4 years exposure? and was it not your Governor General who brokered the whole dam deal. Yea tell me about your leaders. You can stay under their rule brother, you and you alone, hell not me, because most Grenadians have more sense that that. And I'm not excluding any race from getting ahead. I just simply think we need a mix of races as our past leaders are too dam corrupt. I want a better Grenada no more coconut heads and that includes you too.
00By: Littleboy
5/20/2009 4:11:57 PM
Hangman, I've kept silent long enough. Gabe and Littleboy are correct. If you want to help your race, you have to unite with the white man or you will self destruct my man. Maybe you already have. You should get something in your head and do for yourself instead of talking all that crap and nonsense. Let me give you an example of a decent Grenadian who has done something for himself. You see Laqua how he sent his son to school in San Francisco to learn the art and now he has a good business. This is a typical example of what soem of us as Grenadians can do. This is what I see in a better Grenada. Now he brings opportunity to some of us in the form of jobs. What can you do? If you are young, take advice and learn something and stop putting this nonsense in young people's mind. You make no sense whatsoever.
00By: Donkeybone
5/20/2009 3:54:18 PM
I DONOT HATE OR WANT TO RULE OVER ANY OTHER RACE OF PEOPLE.ALL I AM SHOWING IS LOVE FOR MY PEOPLE.DO YOU HAVE A PROBLEM WITH THAT?YOU WANTED TOUSSAINT TO REMAIN A SLAVE FOREVER?NAT TURNER WAS A SLAVE THAT WANTED FREEDOM,ARE YOU AGAINST FREEDOM?WHAT MAN THAT WANTS ANOTHER MAN TO HAVE HIM IN BONDAGE?LITTLEBOY YOU ARE SELF HATTING,YOU HAVE A INFERIOR COMPLEX,IF YOU WANT OTHERS TO RULE YOU GO TO CHINA,WHERE THEY TREAT THIER OWN KIND LIKE SLAVES.A PERSON THAT FORGETS HIS HISTORY,WILL GET A REPEAT OF IT.AMERICA CALLED FOR FREEDOM AND INDEPENDENCE AND HAD A REVOLUTION,WHERE MILLIONS DIED.IT TOOK THEM THIRTEEN YEARS TO CALLED ELECTION.WE HAD A REVOLUTION BECAUSE OF THE CONDITION GAIRY HAD US IN,THE REVO WAS ONLY FOUR YEARS,AND WE SAW PROGRESS.EDUCATION,HEALTH,AGROINDUSTRIES,AIRPORT TO NAME A FEW.THIS IS PART OF OUR HISTORY AND SOME ONHAS TO MAKE IT BETTER,IT IS A PROCESS.WE ARE A YOUNG NATION JUST LEARNING,WE WERE NOT THOUGHT FOR A LONG PERIOD OF TIME.WE WILL PREVAIL AS A NATION.LITTLEBOY THE GREAT CARLOS TOOK SAID "THERE IS NOTHING A BLACKMAN CAN SAY ABOUT A WHITE MAN THAT CAN CAUSE TWO BLACK MEN TO FALL OUT".YOU HAVE TO REMEMBER CAUSE AND EFFECT,THINGS APPEAR A PARTICULAR WAY AND IT IS NOT,I WANT US TO RULE OURSELVES.CAN YOU HELP RULE,YOU HAVE PLENTY OF IDEAS?WE CANNOT TREAT NO OTHER RACE OF PEOPLE THE WAY THEY TREATED US BECAUSE GOD DIDNOT MAKEE US THAT WAY.
00By: HANGMAN
5/20/2009 2:51:18 PM
Toussaint L'Ouverture changed things in Haiti. Look at Haiti now. Do you want Grenada to be like Haiti under your leadership? Bishop lied and decieved his people. When they started fighting among themselves, Coard had him killed. Look how many Grenadians paid for their stupidity. I think our foreparents have already turned in their graves after what Gairy, Coard,Bishop and Mitchel did. Do you think your idol Nat Turner accomplished anything except for killing whites? You say I'm a house negro, but you my friend reming me of the African leader who sold his people to the white man and would also tell the white man to take the one bringing down the slaves too. Man you are filled with hate my brother and no ability to lead. You too my brother like Bishop would only lead Grenada to total destruction. You remind me of your idol Louis Farrakhan who also had Malcom X killed. You certainly do not know what Mandela was about.He my friend was a man of Peace who wanted something good for his people not only blacks, but whites as well. He wanted and got a better South Africa. Can you comprehend that? Tell me what can some of your leaders do for Grenada now if they were alive? Would they kill all the other races and unite them to make a better Grenada or would they preach hate and murder of the whites and Indians. You can't kill all the whites. They totally outnumber us. Have you not seen what has happened in the past in Gda.? Is this the way you want us to continue? Look at the other neighbouring islands and look at Grenada. If you say you have travelled extensively, can't you see a marked difference? Man we eh even have a good hospital. When our own get sick, they go and die. Look at the leaders. When they are sick, they go to Miami. Can most Grenadians do that. We don't even have a good water system. Wo would you like to lead and rule Grenada. I'd love to see a better mixed Grenada sort of like the population in Trinidad. We want and need people who would uplift and bring something to move Grenada ahead.
00By: Littleboy
5/20/2009 2:10:01 PM
Mr Outsider i have never dispute the fact that Mr Hangman is sincere in all the issues that he has put forward,that is why we have freedom of speech and it is refreshing that our people can at long last with the internet put forward their views and objections as to the why and wherefore of our political situation in our country and within our community as long as we keep it within the boundries of decency and the law. Mr Outsider i say to you that both Mr Littleboy and Mr Hangman are true grenadians who has grenada and its people at heart and in doing so put forward their views as true grenadian would, and i count myself as one of them a true grenadian.
00By: gabe
5/20/2009 9:36:43 AM
Littleboy and Gabe you guys cannot dispute Hangman facts.I have been reading the postings and it seems to me that you are just emotional,and scared to deal with the facts Hangman is putting down.He doesnot want to be ruled by others,what is wrong with that?
00By: Outsider
5/20/2009 8:37:11 AM