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The Fiscal Responsibility Oversight Committee (FROC), in accordance with the Fiscal Responsibility Act (FRA) No. 29 of 2015, has tabled its FROC 2016 Annual Report. This was laid before Parliament on 27th November, 2017. Please click on the link below to view the report. The objectives of the FRA are to establish a transparent […]

It has come to the attention of the Ministry of Finance, Government of Grenada, that Grenada has been one of 17 countries to be blacklisted by the EU Code of Conduct Group (Business Taxation). On 5th December 2017, the Council approved and published conclusions containing an EU list of non-cooperative jurisdictions in taxation matters. The reason […]

The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine has issued a call for the adoption of fiscal resilience legislation in the Caribbean. Speaking at the recent International Monetary Fund (IMF) 2017 High Level Caribbean Forum in Jamaica, Governor Antoine emphasised that given the region’s vulnerability to external shocks, building fiscal […]

At its 89th Meeting, convened on 20 October, the Eastern Caribbean Central Bank (ECCB) Monetary Council approved the $50 as the circulation banknote on which The Honourable Sir K Dwight Venner’s image will be displayed as a permanent tribute to his legacy. The late Honourable Sir K Dwight Venner, former Governor of the ECCB, served the […]

Director of Economics at the Caribbean Development Bank, Dr. Justin Ram says that countries in the Caribbean need to move away from the paradigm of low economic growth and high debt to GDP ratios. He is also concerned about low levels of GDP growth and increasing levels of indebtedness in the OECS. Ram, who was […]

ANTIGUA AND BARBUDA AND ISLANDS DEALING WITH IRMA SHOULD STOP DEBT PAYMENTS Washington DC – As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm. Jubilee USA is also calling for grants, […]

ENSURING FISCAL RESPONSIBILITY ST. GEORGE —The Fiscal Responsibility Amendment Bill was passed in the Upper House of Parliament, coming into effect in January 2016. This bill is one of a suite of bills, which include the Public Debt Management Bill and the Public Finance Management Bill, both of which aim to bring fiscal stability to […]

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