While it is still early in the process, it appears that Grenada is embarking on a hopeful quest to restructure its debt without undertaking the traditional demands of significant cuts to public sector budgets and widespread privatization programs. What makes Grenada’s position important is that the government has not been negotiating with the IMF in the traditional antidemocratic manner. Instead, the people are playing a crucial role in this consulation.
The second half of October is always a time of reflection amongst progressive forces in Caribbean, but especially so in Grenada. This is because October 19 marked the 29th anniversary of the death of Maurice Bishop, the Prime Minister of the People’s Revolutionary Government of Grenada. In addition, October 25 will mark the 29th anniversary of the U.S. invasion of Grenada.