A three day workshop on “DEBT RELIEF in the Caribbean : a Grenada Perspective”, organised by the Conference of Churches in Grenada, ended on Friday 24 May 2013. The participants were religious leaders, members of community organisations and Caribbean Debt Network (CDN) representatives from St. Vincent, St. Lucia and Dominica.
The workshop participants took as the basis of their involvement the biblical concept of JUBILEE (Leviticus 25). Its prescription of debt forgiveness in order to avoid creating a permanent underclass or poor in the time of the Old testament is as pertinent as ever in the Caribbean context today. People once marginalized; due to natural disaster, lack of a good paying job, poor health and lasting disabilities or lack of proper education; have it very difficult to take their rightful place back in our fast moving societies. As a consequence of the parents condition, their children do not get the opportunity to feed, cloth and educate themselves properly.
This is also true with vulnerable small state nations as ours. Once an island get suck into this spiral of sovereign debt, health and education are the first ministries with their budgets cut. In the end the common people pay the debts and foreign loans.