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Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Tue Sep 23, 2025 01:12 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Hamas Executes ?Israeli Collaborators? in Streets of Gaza Mon Sep 22, 2025 19:30 | Will Jones
Hamas?has executed three Palestinians accused of "collaborating" with Israel on the streets of Gaza, just hours after the UK, Australia and Canada announced their?recognition of a Palestinian state.
The post Hamas Executes “Israeli Collaborators” in Streets of Gaza appeared first on The Daily Sceptic.

offsite link The Covid Response Was Not a Mistake ? It Was Just Wrong Mon Sep 22, 2025 17:35 | Dr David Bell
The Covid response was not an error, and it was not the result of rushing to counter an unknown pathogen. It was a lot of people, mostly professionals, systematically doing what they knew was wrong, says Dr David Bell.
The post The Covid Response Was Not a Mistake ? It Was Just Wrong appeared first on The Daily Sceptic.

offsite link School Accused of ?Brainwashing? Children After 14 Year-Olds Told to Read Book ?Blaming Them for The... Mon Sep 22, 2025 15:11 | Will Jones
A parent has accused a secondary school of "brainwashing" after?he learned that 14 year-old pupils were told to read a book that "blames them for their white skin" ? and his daughter was forced to read it out loud.
The post School Accused of “Brainwashing” Children After 14 Year-Olds Told to Read Book “Blaming Them for Their White Skin” appeared first on The Daily Sceptic.

offsite link No Benefits for Foreigners Under Reform, Says Nigel Farage: Stricter Visa Tests and Deportation for ... Mon Sep 22, 2025 13:00 | Will Jones
Nigel Farage?today vowed to block foreign nationals from getting benefits, slashing the welfare bill "by ?234bn", and to deport hundreds of thousands of migrants with 'settled status' by bringing in stricter visa tests.
The post No Benefits for Foreigners Under Reform, Says Nigel Farage: Stricter Visa Tests and Deportation for Those Who Fail Under Crackdown on ‘Settled Status’ Migrants appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Grenada Reaches Debt Deal as Caribbean Mired in Debt Problems

category international | economics and finance | press release author Friday April 10, 2015 18:03author by Sumi Yi Report this post to the editors

Grenada Could Influence Global Debt Negotiations

Grenada agreed to a debt plan with its Caribbean island investors that will result in a 50% reduction in the value of existing Grenada investment bonds. The deal offers investors a portion of future revenues from a government program designed to attract foreign investment. Although the deal addresses about $262 million in debt, the International Monetary Fund (IMF) reports that Grenada's total debt tops $907 million. According to the Central Intelligence Agency, nearly 40% of Grenada's population lives below the poverty line.

"Grenada's debt deal is a significant step in the right direction," said Reverend Sean Doggett, a spokesperson for the local Catholic Diocese and a founding member of Grenada's Jubilee Committee. Because of the correlation of debt levels to high poverty rates, Grenada's Jubilee Committee was organized by the Conference of Churches in Grenada to influence debt negotiations between investors, the IMF and the government of Grenada. "The Conference of Churches in Grenada continues to engage in this process and work with its partners in the region."

Other Caribbean islands are also dealing with unsustainable debts or attempting to renegotiate their debt levels. These islands include Antigua and Barbuda, St. Vincent and the Grenadines, St. Lucia, Dominica and Jamaica. Jubilee USA supported Grenada's Jubilee Committee and last year religious leaders across the small islands formed the Caribbean Debt Network (CDN) to join debt negotiations on all islands facing crisis.

Due to the involvement of Grenada's Jubilee Committee and the Conference of Churches, Grenada's debt negotiations over the last two years with the IMF and with bond investors included provisions to protect the poor and stem austerity policies. Legislation to ensure budget transparency and responsible borrowing are moving forward on the island. A homegrown plan to curb corporate and professional tax avoidance was designed to protect public sector jobs. Additionally, those close to the negotiations say new investment bonds will include a "hurricane" clause as much of the island's economic woes are traced to a 2004 hurricane.

"Grenada is still dealing with high debt burdens," noted Eric LeCompte, the Executive Director of the anti-poverty group Jubilee USA. "This debt deal is a step forward as we work for more comprehensive solutions in the region."

Through various United Nations processes, including the Financing for Development process, Jubilee USA and Caribbean Ambassadors have argued for the establishment of a comprehensive and transparent global bankruptcy process to resolve the regional crisis.

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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