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GRENADA | IMF to lend assistance to Grenada on pension reform -PM

Grenada Prime Minister Dr. Keith Mitchell says IMF will assist his administration with pension reform Grenada Prime Minister Dr. Keith Mitchell says IMF will assist his administration with pension reform
WASHINGTON, Apr 28, CMC – Grenada Prime Minister Dr. Keith Mitchell says the International Monetary Fund (IMF) will assist his administration undertake a reform of the existing pension scheme.

Mitchell, made the announcement following talks with Tao Zhang, the IMF vice president.

IMMMMFA government statement said that the pledge from the Washington-based financial institution comes as the government places a high priority on pension reform which Prime Minister Mitchell has vowed to resolve before winding up his political career.

The left-wing People’s Revolutionary Government (PRG) ended state pensions in 1983, a decision which trade unions have been clamouring to reverse over the years.

The statement noted that the IMF pledged the continuation of technical assistance in the area of pension reform and quoted Prime Minister Mitchell as saying that “they know we have a difficulty there.

“They promise to provide all the technical support. We just have to ask and they will be there because they now believe anything Grenada says it’s going to do, it is doing”.

The statement noted that the IMF has been high in praise for Grenada’s economic gains under a structural adjustment programme and continues to praise its ongoing relationship with social partners on national issues.

  • Countries: Grenada

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