Taiwan government says it cannot intervene in Grenada-EXIM battle

The Taiwan government says it cannot intervene in the matter between the island of Grenada and its state-owned Export Import bank of the Republic of China.

The Taipei Times on Thursday reported that the Director-General of the Department of Central and South American Affairs Wu Chin-mu said the Ministry was “in no position to intervene in the matter” because the loan in question was “commercial.”   Continue reading

Grenada Finance Minister called to resign over Taiwan Loan Dispute

The main opposition New National party on Wednesday called for Finance Minister Nazim Burke to resign over efforts by Taiwan to collect 76 million EC dollars of unpaid loans from Grenada.

The NNP, of former Prime Minister Dr. Keith Mitchell, is blaming Burke for the decision by Taiwan to embark on extreme measures to recover the money. Continue reading

Boatswain says show me proof

Former Finance Minister Anthony Boatswain is calling on government to provide evidence to substantiate its claim of 1-percent positive economic growth for the first half of the year.

The opposition senator says positive growth must be a spin-off from growth in individual sectors and so far the government has not been able to indicate growth in any of the sectors.

“I personally disagree. The Prime Minister would have to tell me which sectors contributed to this positive growth.”

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