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AmericasFebruary 3 2004

Offshore era ends abruptly

Hugh O’Shaughnessy talks to Grenada’s Prime Minister, Dr Keith Mitchell, about why the island’s time as an offshore financial services centre was so shortlived.
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Grenada, the eastern Caribbean island of 100,000 inhabitants, is no longer in the offshore banking business – that is the verdict of Dr Keith Mitchell, the island’s prime minister, which he delivered in an interview with The Banker. Its rise as an offshore centre was swift and its demise has been equally rapid, leaving it with a search for other sources of livelihood.

Offshore business rises

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