Why did the world's strongest power intervene militarily in the tiny Commonwealth Caribbean island of Grenada in October 1983? This book focuses on United States-Grenada relations between 1979 and 1983 set against the wider historical context of US-Caribbean Basin relations. It presents an in-depth study of US policy during the Carter and Reagan presidencies and the deterioration of relations with the Marxist-Leninist People's Revolution Government (PRG) of Grenada. It considers in detail the murderous internal power struggle that destroyed the PRG and the decisionmaking process that resulted in a joint US-Caribbean military intervention.

The turmoil in the Caribbean and Central America does not have a single cause; it results from both indigenous factors and outside intervention. Some liberals see revolution as the result of poverty and injustice and ignore the East-West security dimensions of the problem, the role of Leninist ideology, and the actions of the Soviet Union and its a

This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15.Both restructurings emerged as a consequence of weak fiscal and debt situations, whichbecame unsustainable soon after external shocks hit the island economy. The two restructurings provided liquidity relief, with the second one involving a principal haircut. However, the first restructuring was not able to secure long-term debt sustainability. Grenada’s restructuring experience shows the importance of (1) establishing appropriate debt restructuring objectives; (2) committing to policy reforms and maintaining ownership of the restructuring goals; and (3) engaging closely and having clear communications with creditors.