Grenada appeals for activation of debt suspension clause after Hurricane Beryl | RJR News

Grenada has written to financial agencies and multilateral partners requesting the activation of the debt repayment suspension clause contained in several loan agreements following the devastation caused by Hurricane Beryl in the country.

In 2022, Grenada’s national debt was estimated at $0.77 billion.

Prime Minister Dickon Mitchell said the Finance Minister had already written to some of the multilateral partners to warn them that the catastrophic event had occurred and called for a debt suspension clause to be triggered in some agreements.

He said the passage of Hurricane Beryl would have both financial and social impacts on the economy and the country would require significant resources.