The New Today

Commentary

Happenings in a timing: What do they mean? Whose interests? Whose agenda?

My mother used to warn me “Egg have no right in rock stone dance!”. Ah know mi limitations! So I am leaving the debate on the situation that the world is now witnessing in Russia and Ukraine to the bright people who know about politics, international relations, diplomacy, economics et al. I am none the wiser on what I am not seeing but based on what I am seeing, I have to salute the courage of the real people of Ukraine who are standing up to the onslaught of Comrade Putin! Long live!!

And as a citizen of Grenada, I am very concerned about the implications and impact of that situation on Grenada, on “our little piece of rock”. The Executive of Grenada has been in all sorts of secret deals of which we the people are unaware. Sooner or later we may find out that our little rock has been divided up among Sino-Russian-Ukrainian and Middle Eastern interests courtesy the Citizenship by Investment Programme.

Since I became aware of the International Association for Economic Development1 and the Synergy Hi-Tech Park-Grenada Complex2, creations of H.E. Oleg Firer3 – Ukrainian-born (then part of the USSR) American cum Grenadian Ambassador to the Russian Federation and the Commonwealth of Independent States4 and a few others – I am very, very curious and concerned. What the hell is going in the name of Grenada? Where/how do the authentic citizens of Grenada, “whose navel string bury here”, fit into all of these ambitious and non-profit (!!) initiatives? WHO is really running things? Is the Executive still in control? What is Grenada’s Ambassador up to these days?

There are two 2022 postings of particular interest on the Embassy’s website:-

  • January 28th, 2022: Facebook5 post of January 28th of Embassy of Grenada to the Russian Federation:- Government of Moscow hosted a high-level meeting with the Ambassador of Grenada to discuss co-operation between the city of Moscow and Grenada in respect of international relations between the Government of the city of Moscow and Grenada: “Among the possible areas of cooperation discussed were smart city development, healthcare, conservation of historical and cultural buildings, tourism and cultural exchange.” (own emphasis). These areas, prioritized for co-operation should ring a bell.
  • March 4th, 2022: Facebook posting of March 4th, 2022

This posting advises that H.E. – who is currently the Dean of the Diplomatic Corps of the Group of Latin American and Caribbean countries (GRULAC) in Russia – hosted a meeting between the Director of the Department of Latin America and the Special Representative of the Minister of Foreign Affairs of the Russian Federation on relations with Latin American and Caribbean states H.E. Alexander Shchetinin and the heads of diplomatic missions of GRULAC accredited in Moscow. The Director emphasized that “ in these challenging circumstances the commitment to expanding bilateral political, trade, economic and humanitarian ties with Latin American states overrides momentary considerations” (own emphasis).

These postings place in context a number of “happenings” and pronouncements and what we the people could expect. There has been a number of happenings, beginning late last year and continuing at the beginning of the year. Are these events connected in any way and if yes, then how? But perhaps, it may be useful to start at the beginning.

1. 1979, Grenada-USSR Relations

During the period of the People’s Revolutionary Government (PRG), Grenada established diplomatic relations with the USSR. Among areas of co-operation were:- education ( a significant number of persons pursued studies in the USSR); training the top brass of the People’s Revolutionary Army and support to the construction of the international airport. Russia also made a loan available to Grenada in respect of the construction of the airport.

The revolution imploded in October 1983 and diplomatic relations were broken off. The fall of the Berlin Wall in 1989 preceded the collapse of the USSR in 1991 with former states becoming independent republics.

2. 2002, Grenada- Russian Federation Relations

In September 2002, Grenada established relations with the Russian Federation, a former republic of the USSR.

3. November 2015, Russian Debt Relief, USD 266,667

It would appear that following the collapse of the PRG, succeeding governments did not service the airport loan. As part of the restructuring of its debt under the IMF Structural Adjustment Programme of 2014-2017, Grenada negotiated with its Paris Club creditors for debt relief. In November 2015, it reached agreement on this debt with the Russia Federation.

4. January 6th, 2017: Russia Pledges Scholarships, Visa Waiver and Debt Relief for Grenada

On January 4th, 2017, Prime Minister Keith Mitchell hosted a meeting with Ambassador of the Russian Federation to Grenada, His Excellency Nikolay Smirnov. H.E. advised that the main purpose of his visit was “to discuss bilateral issues, such as scholarships, training opportunities, debt relief, the establishment of a Diplomatic Mission of Grenada in the Russian Federation, and the signing of a new visa waiver agreement in the not too distant future between both countries”. H.E. suggested that it was “an opportune moment for the Government of Grenada to have a permanent diplomatic presence in Russia. He noted that diplomatic presence would enhance the relationship and position Grenada to maximise on a number of opportunities in the areas of Education, Tourism, Health and Energy.

One can ask whether the establishment of a permanent diplomatic mission was one of the conditions of the debt relief to Grenada.

5. Embassy of Grenada to the Russian Federation

April 2017, Ambassador to the Russian Federation: One, H.E. Amb. Oleg Firer8, was appointed Grenada’s Ambassador to the Russian Federation in April 2017. It is unclear what criteria were applied to the appointment of Amb. Firer. Operations of Grenada’s Embassy to the Russian Federation were not reflected in the Budget Estimates over the period 2017-2019. It therefore seems reasonable to ask what arrangements does/did the Government of Grenada have with Amb. Firer and/or the government of the Russian Federation re the operation of Grenada’s Embassy in Moscow.

Ambassador Firer seems to have “many irons in the fire”, particularly in the areas of the financial services sector and the health sector. It is unclear where the boundaries lie in respect of H.E.’s official role and the public interests and his full time pursuits of varied private interests.

Recently, it should be noted that a Citizenship by Investment Programme9 is run out of the Embassy. It is unclear who/what is/are the owner(s)/operator(s) of this business and its arrangements with the Ministry of Foreign Affairs/Government of Grenada to operate a private business at the Embassy?

6. September 20th, 2017: Grenada and Russia Sign Visa Waiver Agreement and Discuss Technical Cooperation

Hon. Elvin Nimrod, Minister of Foreign Affairs and his Russian counterpart H.E. Sergey Lavorv signed an agreement to facilitate visa-free travel between Grenada and Russia. The signing took place on the margins of the United Nations Assembly in New York. Re technical co-operation, Minister Nimrod emphasized the significance of human resource development to Grenada and the Caribbean Community (CARICOM) as a whole, and welcomed continued and further cooperation with Russia, particularly in building capacity in the medical field.

5.1. June 30th, 2017: Russia and Grenada: the beginning of a new friendship, Excerpts of interview H.E. Oleg Firer, Ambassador of Grenada to Russian Federation et al, with International Life

H.E Firer gave a very interesting interview and it is one which we the people should take careful note of.

The following excerpts are particularly noteworthy:-

  • Working in Grenada for Five Years: H.E. Firer advised that he was working in Grenada for about FIVE years. Five years ago (from June 2017) would have been 2012.
  • Invited by Prime Minister Keith Mitchell: He advised that he was invited by Prime Minister Mitchell.
  • Project of Telemedicine: He advised that “five years ago WE realized a project of telemedicine, a programme of medicine for the poor in the Caribbean, linking two countries, Cuba and Grenada. This was the background against which contact with Keith Mitchell began.
  • Working on Various Projects at State Level: He identified projects that he had been working on for the last FIVE years – medical, technological and IT projects. He specifically noted the following:-
  • Directly Involved in Two Reforms at CARICOM Level: He was/is directly involved in two reforms in countries of the Caribbean Community

▪ Financial Payment system of the Caribbean Community;

▪ Post Office of Grenada: He further noted that “It started with Grenada” but “we want to modernize the mail system of all countries in the association”

  • IT Projects: H.E. Firer advised that “ now WE are considering a number of IT projects, which WE plan to transfer to the Caribbean”:-

– Projects of the information society, such as E-GOVERNMENT;

– Other projects developed in Russia, including the technological content for our postal reform;

  • IT projects in the transactional business;

– Projects for CARICOM: H.E. advised that in general these projects were not only about Grenada but about the Caribbean Community, noting that “from July 1st, Grenada will chair CARICOM and many projects are reasonably discussed at the level of this organization”.

  • Visa-Free Entry: He looked forward to the signing of the visa-waiver agreement for the entry of Russian tourists for up to 90 days.

5.1.1. Points to Ponder

5.1.1.1. Invitation to/Working in Grenada, 2012-2017:

  • Five years ago from 2017, would make H.E. working in Grenada since 2012, while Prime Minister Tillman Thomas and his NDC party were in office. With whom was Oleg Firer working and to what end?
  • He further indicated that he was invited by “Prime Minister Keith Mitchell”. However, in 2012, Dr. Mitchell would have been Leader at the Opposition at the time.
  • The period 2012-2017 would also mean that H.E. was working in Grenada during the period of the Structural Adjustment Programme, July 2014 – June 2017.

5.1.1.2. Project of Telemedicine:

  • He realized a project of “telemedicine”, a project re medicine for the poor in the Caribbean, linking Grenada and Cuba. What does H.E. mean by linking Grenada and Cuba? They were already linked and already had a programme of co-operation in health.
  • Interestingly, to this day, we the people have not heard of this Telemedicine Project. It is interesting to note that Grenada does have a significant number of graduates of Cuban institutions, particularly doctors, some of whom are/were high ranking public officers within the Ministry of Health. These included the Minister of Health of the NNP administration (prior to the NDC administration, 2008 – 2013). One of those high ranking officers was an advisor to Star Telemedicine, an apparent private entity under H.E. family of Star Capital enterprises, and following his departure from the public service now seems to be the Chief Executive Officer.

5.1.2. Information Technology Projects

5.1.2.1. E-Government/EGRIP Project

H.E.’s reference to being involved in projects such as e-government should have we the people very uncomfortable and asking deep, hard questions. The E-Government project to which H.E. seems to be referring is the Electronic Government Regional Integration Project (EGRIP). It seems reasonable to ask whether H.E. Oleg was involved in the implementation of this e-government (EGRIP) project in Grenada. and what is the status of that project?

5.1.2.1.1. EGRIP and the Dismissal of the Supervisor of Elections

One may recall that the implementation of this project is /was at the crux of the dispute which ended in the dismissal of the Supervisor of Elections, Ms. Judy Benoit by Governor-General , Dame Cecile LaGrenade.

  • Memo of August 29th, 2013 to Supervisor: Via this memo from the Permanent Secretary in the Ministry of Communication, Works, ICT et al, Ms. Benoit was advised that Cabinet had approved the use of a number of Parliamentary Elections Office for the registration and issuance of multipurpose identification cards (MPID) cards. Internet services at all sites had also been authorized as a matter of urgency. Cabinet also directed that staff of the Electoral Offices work with the MPID system for the registration and issuance of the cards.
  • Memo of August 30th, 2013 from Supervisor: In her response, the Supervisor noted that the involvement of the Parliamentary Elections Office in EGRIP was premature and could be in breach of the legislation governing the electoral process. She also reminded of the independence of the Parliamentary Elections Office and Supervisor as provided for in the Constitution. She also sought clarification on a number of matters and advised that the responsible Minister for the project had promised a meeting with the Attorney-General.
  • Termination Letter of Sept. 30th, 2013 from GG: Her services were terminated by the Governor-General, with effect from October 1st, 2013.
  • Application for Judicial Review of GG’s Decision12: Ms. Benoit took the matter to court, applying for the court’s leave to file Judicial Review proceedings seeking to have the court declare that the decision of the GG to dismiss her was “unreasonable, irrational, procedurally improper and in breach of the principles of natural justice: and also have the court quash the decision of the Governor-General to dismiss her”
  • Update November 2021: According to a newspaper article, the Judge Glasgow had recommended an out-of-court settlement. The article suggested that this recommendation indicated that a court ruling could be in favour of the Supervisor who was summarily dismissed by the Governor General. Closure has not yet been brought to this matter.
  • Was Oleg Firer involved in the implementation of the EGRIP? This questions bears repeating.

5.1.3. Financial Payment System for CARICOM:

  • ECCB Central Bank DCash: Is there a relationship between the financial technology piloted by the Eastern Caribbean Central Bank in the OECS region – the ECCB Central Bank DCash – and the “we” referred to by H.E. Firer?
  • It is interesting to note that upon Grenada’s Prime Minister Mitchell, becoming chair of the Eastern Caribbean Monetary Council in July 2018, the Eastern Caribbean Central Bank was exploring blockchain technology. In March 2021, the ECCB became the first central bank to issue a Central Bank-backed Digital Currency (CBDC) for a currency union with the launch of the DCash Pilot.
  • Eastern Caribbean Block Chain Association14: Is/was there any relationship between the Eastern Caribbean Block Chain Association of which H.E. Firer is Chairman of the Supervisory Board and realization of the ECCB’s DCash pilot project. Eastern Caribbean Block Chain Association which describes itself a not-for profit educational and trade organisation dedicated to advancing blockchain technology and aims “to guide and promote the comprehensive adoption of blockchain technology so that individuals and businesses can realize the full potential of its benefits”. It is unclear when this organisation was formed. When we the people first became aware of this organisation sometime in mid-2018, we noted that Olinga Mitchell was the contact person name. The last time I checked, that website was nameless and faceless. Co-incidence or deliberate? Is there a relationship? If yes, what kind of relationship?
  • Grenada and the Grenada Postal Corporation: The Grenada Postal Corporation is a member of the Eastern Caribbean Block Chain Association. Who made the decision that Grenada should become a member of the ECBA? The Grenada flag is also there. Which entity does the flag represent?

5.1.4. Post Office Reform, Grenada Postal Corporation and the Eastern Caribbean Blockchain Association

5.1.4.1. Post Office Reform:

Note H.E’s . remarks in respect of postal reform – it started with Grenada” but “we want to modernize the mail system of all countries in the association” Was H.E. Oleg Firer involved in “reform and restructuring” of the Grenada Postal Corporation which was financed by World Bank loans?

Related:  Elections 2022: Questions for the retiring executive

5.1.4.1.1. Reform and Restructuring:

The Grenada Postal Corporation was/is (?) a state-owned entity. Under the IMF Structural Adjustment Programme, 2014-2017, the Government of Grenada committed to reform a number of its statutory bodies/state-owned enterprises. A review of the Grenada Postal Corporation was undertaken via technical assistance from CARTAC16, following which a Cabinet Committee Strategy Committee developed strategic plan for the GPC.

5.1.4.1.2. Cabinet Committee Strategy:

The strategic plan approved by Cabinet in respect of the Grenada Postal Corporation advised as follows:-

The Grenada Postal Corporation would be restructured to improve efficiency, including through the possibility of franchising by the end of 2015. The costs of restructuring was estimated at EC$4million. The IMF 2nd Review Report17 noted that the reform strategy proposed by the government went beyond the CARTAC recommendations

5.1.4.1.3. Loan Financing for Restructuring

  • The Government of Grenada acknowledged receipt of loan financing18 to complete the restructuring of and commercialization of the GPC. Grenada Postal Corporation was expected to be commercialized in the first half of 2016.
  • Retrenchment of Workers19: According to a newspaper report, 146 workers received severance packages amounting to EC$9.0m at the end of February 2016; 96 workers were recalled to work and 50 were retrenched.
  • Who Will be Taking Over: Prime Minister Mitchell indicated that he did not know who would be taking over the operations of the state-body while, during a radio programme, Deputy Prime Minister Elvin Nimrod advised that an entity had been identified but declined to release the name because discussions were ongoing.

5.1.4.1.3. Amendments to the Grenada Postal Corporation(Amendment) Bill, 2016: Amendments to the Grenada Postal Corporation legislation – Grenada Postal Corporation (Amendment Bill) 2016 – were -passed. The amendments are quite instructive and may be taken as an indication of the plans/actions already agreed/acted upon by the Government of Grenada. Among the amendments were:-

  • the insertion of a new Section – Part II a – Agreements with entities and undertaking joint ventures” ; this amendment provides for the Grenada Postal Corporation:-
  • to enter into agreements with an entity or entities, or participate in a joint venture with an entity or entities and transfer the tangible and intangible assets of the GPC including the responsibility and authority to provide postal services and related services throughout Grenada
  • No Transfer of Liability or Obligations upon Signing of Agreement
  • Amendment to Section 8, Board of Corporation: The amendment to sub-section (2) provides for a “maximum of seven members and a minimum of two members”.

5.1.4.1.4. IMF Fifth Review, December 201621 :

The IMF Review noted the following in respect of the Grenada Postal Corporation:-

  • the private sector had been involved in the restructuring process;
  • Staff redundancy was resolved in February 2016 – 150 workers had been retrenched and received severance; the way was paved for private participation in the operation of the postal service;
  • Total severance costs was estimated at EC$7.5 m or 0.3 percent of GDP
  • Greater transparency about the plans for this new entity and/or and the timing of conclusion of the deal would be desirable

5.1.4.2. Points to Ponder

  • Who/what was the private sector involved in the restructuring process?
  • Was H.E. Oleg Firer involved in the “reform” of the Grenada Postal Corporation?
  • Does H.E. now have business interests in the GPC via his company Net Element?
  • Why has the Government of Grenada been so tight-lipped about the status of the Grenada Postal Corporation?

6. November 1st-3rd, 2017: New Dawn Conference, Inaugural Russian/Eurasian-Caribbean Forum Hosted in Grenada22,23,24

In his interview, H.E. mentioned that PM Mitchell would become Chair of CARICOM in July 2017 and the expectation was that “many projects are reasonably discussed at the level of this organization”.

  • New Dawn Conference 2017: It is noteworthy that the New Dawn Conference, Inaugural Russian/Eurasian-Caribbean Forum, described as an economic, media and academic forum, took place in Grenada, at the Radisson Beach Resort, from November 1st – 3rd
  • Sponsors: Among the sponsors of this forum were:- Embassy of the Grenada to the Russian Federation; My Caribbean; Star Development; Chimera; Century 21; Global Petroleum Group; Sandals; Ministry of Foreign Affairs of the Russian Federation; Skolkovo; Hermes Bank; the Gorchabov Fund.
  • Speakers: Among the speakers at this conference were the Governor of the Eastern Caribbean Central Bank, Mr. Timothy Antoine and Mr. Raphael Stephen, Fiscal Scientist and (then) Director of the Grenada Postal Corporation
  • Who Attended: “Regional journalists, Russian academia, tech and financial businessmen from Russia, USA and the UK converged in Grenada under the patronage of the Grenadian Government and Russian Embassy”.
  • CARICOM Representative: Mr. David Lord, the Deputy Programme Manager of CARICOM Secretariat observed that there were plans for Russian technological institutions in Grenada which would be used as a spring board for the other islands to also benefit.
  • Technological and Innovative Hub in the Caribbean: H.E.Oleg Firer advised that Grenada would be a technological and innovation hub in the region.
  • Tech Horizons: Tech Horizons, a new initiative to be introduced in Grenada was a focal point of presentations and discussions during the sessions.
  • Skolkovo Foundation, Partnerships and Start-up Companies: The representative of Skolkovo Foundation, Mr. Kirill Kaem, presented on his foundation’s mandate to work on developing partnerships and support of start-up companies which could and would benefit Grenada and the wider region.
  • Innovation Centre and Biomedical Start-ups: The Skolkovo Foundation’s representative identified biomedical technology clusters as the priority. He advised that identified that “their work in Grenada would begin by creating an innovation centre with training and development access.
  • Bilateral Relations: Making reference to the Russian panelists, a reporter noted that the panelists “….spoke openly on the need for Grenada and the rest of the region to look at International relations on a more global scale as opposed to playing geo-politics. Bilateral Relations is what the region depends on for every aspect of our small economies, whether it be tourism, agriculture or technology”(my emphasis).
  • What the Caribbean Offers: Dr. Sergey Brilev, who conceptualized the forum observed that besides its 16 million people, the Caribbean also offered voting power in international organizations such as the UN and our diverse economies(my emphasis).
  • St. George’s Club: An output of that forum was the formation of the St. George’s Club to create a permanent channel for to facilitate Eurasian-Caribbean dialogue. It seems to be the club of newly-minted citizens of certain country or countries sporting Grenadian passports.

6.2. Points to Ponder:

  • Special Interests Forum: This forum appeared to have been a special interests forum – the investment interests of relatively “newly minted citizens” and a “special project” by Russian powers that be– how could the Russian Federation cultivate and assert its presence and influence in the debt- burdened, cash-strapped region, using Grenada as the platform.
  • Timing: It took place during the period that PM Mitchell was chair of CARICOM.
  • New Dawn: Were the Russian “authorities” “playing” to the special sentiments associated with the Revolution which was described as a new dawn by our Revolutionary leaders. Was this new dawn referring to Russia’s attempts to recapture the glory days of the former USSR and its influence in the Caribbean region?
  • Grenada’s Role: What are the conditions associated with Grenada’s “debt relief”? Are these tied to the global ambitions of Russian authorities to re-establish super power status as the former USSR and a sphere of influence in the Caribbean and in Latin America?
  • Dr. Sergey Brilev: What is the role of Dr. Sergey Brilev in helping “Russian authorities” to realize those ambitions? He is Russian TV presenter, writer and public figure. Deputy Director of the Rossiya TV channel for special informational projects, Co-founder and President of the Bering-Bellingshausen Institute for Both Americas (Montevideo), member of the Praesidium of the Foreign and Defence Policy Council (Moscow),

7. Noteworthy Developments

7.1. Grenada Postal Corporation and Digital Payments:November 12, 2019: UPU to expand access to digital financial services in Grenada26The Universal Postal Union (UPU) launched a new digital financial services project in Grenada through its Financial Inclusion Technical Assistance Facility (FITAF), a UPU-led initiative in partnership with Bill & Melinda Gates Foundation and Visa Inc. FITAF advances financial inclusion by providing technical assistance and financial resources to postal operators so that they can provide accessible and relevant digital financial services (DFS), primarily mobile payments, through their networks.

7.2 2021, October: Former Senator Roland Bhola becomes Director of Post Ten months after his appointment as a senator representing the New National Party, his appointment was revoked and he was destined to become the Director of Grenada Postal Corporation.

7.3. 2022, March 23rd : Grenada Postal Corporation to offer electronic financial transactions

“The Grenada Postal Corporation (GPC) is soon to become another service provider of electronic financial transactions that will allow customers to send and receive cash transfers and also make payments on utility bills……

7.4. 2021, December 17th: Justin Sun Nominated as WTO Ambassador for Grenada

One (Yuchen (Justin) Sun, a Chinese national and a leading figure in the crypto and blockchain sphere, was nominated as Grenada’s ambassador to the World Trade Organisation, based in Geneva.

An article in the online Decrypt 29 stated that a spokesperson for Mr. Sun’s company TRON advised that Mr. Sun’s position will not be a “paid role,” and “one of [Sun’s] goals is to represent and make blockchain mainstream by bringing it to the global political arena via [the] WTO.” The article added that Sun loves promoting crypto to influential names, and he pays generously for the opportunity if necessary.

7.5. 2022, February 23rd : Declaration of St. George’s: Towards the Reduction of Intra CARICOM Roaming Charge Prime Minister Mitchell, CARICOM’s Lead on Science and Technology and representatives of Digicel and Cable and Wireless Ltd signed the Declaration of St. George’s: Towards the Reduction of Intra CARICOM Roaming Charges, giving “impetus to the region’s march to CARICOM Single ICT Space, the digital arm of CARICOM CSME”, according to PM Mitchell.

7.6. March 29th, 2022: The ECSE set to become the first regulated exchange in the Western Hemisphere to enable Tokenized IPOs

“The Eastern Caribbean Securities Exchange Ltd (ECSE) is pleased to announce the signing of a Master Agreement with Canadian FinTech Blockstation to launch a new blockchain-driven tokenized securities market…….”

7.7. Synergy Hi-Tech Complex Grenada

Only in February, I became aware of an initiative called Synergy Hi-Tech Complex Grenada and it seems to be connected with H.E.’s initiative, International Association for Economic Development. Its website is dated 2021. According to the brochure it is a non-commercial company – no dividends, no shares – created by three participants including the Government of Grenada which will not be contributing any funding.

7.7.1. Founders:

According to information from its website and brochure, the founders of this initiative are:-

  • The Government of Grenada, represented by H.E. Oleg Firer .
  • Foundation for Support and Development of Housing Construction32 : One, Mr. Vitaly Kryuchkov is named as Current Director of The Foundation for the Support and Development Housing Construction.
  • Globex International Holding33: It appears that one, Mr. Felix Vakhovsky, the founder and current chairman of V-Tell Companies Group, is associated with this entity. He is also described as “creator of a fundamentally new type of cellular communication:.
  • V-Tell35: “V-Tell is a global mobile operator, offering its subscribers services throughout the world, with a roaming mobile communication system erased the borders between countries, allowing to call subscribers, use the Internet and write SMS anywhere in the world like at home region”.

7.7.2. Interests

Based on the information from the website, this complex promises a multiplicity of interests and initiatives: Green Energy Farm by DADTI; Digital Assets and Business; Recreation and Culture

7.7.2.1. Green Energy Farm by DADTI

A solar farm and a wind farm is proposed. An activity to be completed in 2021 was the signing of a salepurchase agreement with GRENLEC to provide 20 MW of clean energy produced by Green Energy Farm.

7.7.2.2. Digital Assets and Business

There are broadly three areas:

  • Validation Data and Crypto Mining Farm: This appears to be the Crypto Business Farm by DADTI .
  • Blockchain and Cryptocurrency Platform: “Creation, and development of blockchain technology, and token platform, providing an encrypted, immutable, and transparently way record any number of digital information, and focused on applications as: – Supply chain and logistics monitoring; Smart contracts ; Cross-border payments; Cryptocurrencies exchange; Own Cryptocurrency”;
  • Cryp t o -Fi a t Ban k : Creation of a Bank, issuance, and provision of bank cards to clients with functions of exchanging cryptocurrency and crediting fiat money to cards (VISA, MASTERCARD), as well as for converting cryptocurrencies / US dollars, euros, pounds sterling, etc. and traditional activities of the Bank.

7.7.2.3. Recreation and Culture

According to the brochure, “With more than 1.6Acres, it is proposed a plan for open spaces areas, comprised of a Plaza, with green areas, playgrounds, an Open Theater and Art Center, Communal Classrooms and Workshops, a Social Community Orchard, a Nursery Garden, and a public parking lots.

7.7.2.4. Points to Ponder

  • Grenada Postal Corporation: What is the status and structure of the GPC? Is it a publicprivate partnership or is it a franchise? What is H.E. Oleg Firer’s relationship with the Grenada Postal Corporation? Is it still a state entity? To whom does management report? Who are the members of the Board?
  • NNP Interests: One notices that former Sen. Roland Bhola went straight from being a Senator to the Director of Post. Would that make him a public officer? Would he be subject to the same rules as other public officers? One also notes that Mr. Bhola is the official chair of the NNP campaign rallies. What special project was Mr. Bhola overseeing? Was it transition to the GPC offering electronic financial transactions?
  • Synergy Hi Tec Park Complex:
  • Site: Where is this Complex to be situated/intended to be situated?
  • Non Commercial: How can it be a non-commercial company, no shares and no dividends?
  • Representative of the Government of Grenada: The boundaries in respect of H.E.

Firer public interests and private interests unclear. To whom is he communicating/reporting in respect of this initiative? Whose interests does the

Government of Grenada represent?

– Developments in the Telecoms Sector: Has the recent noteworthy happenings in respect of national and regional telecoms been part of setting up the “enabling ecosystem” for this Park re its Digital Assets and Business interests and other business?

– Ambassador to WTO: Was the appointment of Ambassador Sun also part of the enabling “ecosystem” for this Park?

– Whose Interests/Enclave: One notes the involvement of Russian interests in this Synergy Hi Tec Park Complex. Is this Park to become an enclave of Russian interests?

8. Minding the Business of Grenada PLC

The shareholders of Grenada PLC must do better in minding its business or else, Grenada PLC will be hijacked and shareholders will be left wondering “what the hell happened”!! That hijacking is well underway as they continue to be “ in the dark” about deals and arrangements which have significant implications re ownership and control of/access to the resources of we the shareholders of Grenada PLC.

Who/what is “running things”? To whom/what is the Executive delivering and what?

Grenada currently feels like a theatrical production with one director and several productions/agents to confuse and distract the shareholders. Shareholders are encouraged to “study their head” and to mind their business, the business of Grenada PLC.

Sandra Ferguson