ST. GEORGE’S, Grenada, CMC – Caribbean governments should seek far reaching agreements with creditors when pursuing debt restructuring instead of accommodating short term measures that will eventually have to be re-negotiated before feeling the positive impact.
Jurgen Kaiser, a coordinator and research fellow at the German Debt Network, says “the conditions for these agreements should be deep and all encompassing, as the further it goes the better the impact will be on the country”.
Kaiser, who is here facilitating a workshop on Debt Relief organized by the Conference of Church Grenada, also made reference to Jamaica, which had to re-negotiate a multi-million dollar with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF).
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