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Government of Grenada and U.S. Investors Reach Agreement to Resolve Kawana Bay Arbitration

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ST. GEORGE’S, GRENADA (August 31, 2023) –The Government of Grenada and a group of U.S. investors that had been working through True Blue Development to build the Kawana Bay resort near world-famous Grand Anse Beach, jointly announced the resolution of a dispute that had been under arbitration since 2021 before the World Bank’s International Centre for Settlement of Investment Disputes.

Prime Minister Dickon Mitchell, elected in 2022, led efforts to reach an amicable outcome to the impasse, which had halted construction of the five-star resort two years ago under a prior government, even though 92% of available units at Kawana Bay had been sold or committed for sale to international investors.

As a result of the agreement, the Grenadian government will assume ownership of the Kawana Bay Project and Property and seek a new developer to complete the project, which had already reached an advanced state before the dispute arose.

Importantly, in accordance with Grenadian law, owners and investors in Kimpton Kawana Bay will be entitled to seek compensation from the Government of Grenada pursuant to Grenadian law for the compulsory acquisition of the Property.

The Prime Minister, the Honorable Dickon Mitchell, stated, “the Government of Grenada desires a fair and equitable resolution with all owners and committed purchasers at Kimpton Kawana Bay, whose citizenship status in Grenada is unaffected by this negotiated agreement. In fact, the Citizenship by Investment program remains active and strong, and we anticipate its continued contributions to the Grenada economy and our people.”

True Blue investors responded, saying, “We commend the Government of Prime Minister Dickon Mitchell for working with us to resolve this situation in an atmosphere of mutual respect and trust. We have always believed that the Kawana Bay Project will make a tremendous contribution to Grenada’s economy and are pleased that the Kawana Bay Project will now move forward unburdened by a dispute that arose
under a previous government.”

A spokesperson for the Grenadian government said, “Grenada welcomes foreign investment and respects the rule of law. It was time to move beyond this unfortunate episode, which needlessly impeded development of Kawana Bay, a property that will be a mainstay of Grenada’s tourism and leisure industry. We appreciate the True Blue investors’ contribution to Grenada’s economy and their working with the
Government to negotiate a resolution to this dispute that will benefit all Grenadians.”

Under terms of the agreement, the Government of Grenada will obtain the entire Kawana Bay resort through a compulsory acquisition and take steps to ensure that the project is completed and built out to its fullest potential, for the benefit of the tourism industry and with maximum employment for Grenadian citizens top of mind.

True Blue Development will no longer be involved, and the ICSID arbitration is discontinued.

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President Biden Reaffirms U.S. Commitment to Ukraine After Devastating Russian Strike

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President Joe Biden speaks in the South Court Auditorium on the White House complex in Washington, on May 10, 2022. The Biden administration is taking first steps to release $45 billion to ensure that every American has access to high-speed internet by roughly 2028, inviting governors and other leaders on Friday to start the application process. (AP Photo/Manuel Balce Ceneta)

WASHINGTON, D.C. (FNN NEWS) – President Joe Biden issued a strong condemnation following Russia’s overnight missile and drone attack against Ukraine. Ukrainian authorities reported that nearly 200 missiles and drones targeted cities and critical energy infrastructure, leaving civilians without electricity as winter approaches.

“This attack is outrageous and serves as yet another reminder of the urgency and importance of supporting the Ukrainian people in their defense against Russian aggression,” said President Biden.

U.S. Support in Action

President Biden underscored the United States’ unwavering support for Ukraine, highlighting key actions taken earlier this year:

  • “At my direction, the United States began prioritizing air defense exports so they go to Ukraine first,” Biden stated. The Department of Defense has already delivered hundreds of additional air defense missiles to Ukraine, with more shipments on the way.
  • In anticipation of increased Russian strikes during the winter months, the U.S. has been actively assisting Ukraine in strengthening its energy grid.
  • Additional critical military resources, including artillery, rockets, and armored vehicles, are being provided to bolster Ukraine’s defense capabilities.

Global Solidarity

President Biden reaffirmed the solidarity of the international community. “The United States stands with more than 50 countries in support of Ukraine and its fight for freedom,” he emphasized.

Despite relentless Russian aggression, Biden praised the courage of the Ukrainian people. “Russia continues to underestimate the bravery, resilience, and determination of the Ukrainian people,” he declared, vowing continued U.S. and allied support in Ukraine’s struggle for sovereignty.


What’s Next for Ukraine and U.S. Support?

  1. Air Defense Priority: The U.S. will expedite the delivery of additional air defense systems to protect Ukrainian cities and infrastructure.
  2. Winter Preparedness: Efforts to enhance Ukraine’s energy grid resilience will remain a key focus as winter intensifies.
  3. Allied Support Expansion: The Biden administration will work with its coalition of over 50 countries to deliver coordinated military and humanitarian aid.
  4. Pressure on Russia: The U.S. will continue economic and diplomatic measures to isolate Russia and hold it accountable for its aggression.

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President Biden Declares Major Disaster in Puerto Rico After Tropical Storm Ernesto

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WASHINGTON, D.C. (FNN) – President Joseph R. Biden, Jr. has declared a major disaster in the Commonwealth of Puerto Rico following the devastating impacts of Tropical Storm Ernesto from August 13 to August 16, 2024. Federal assistance has been authorized to aid recovery efforts in over 25 municipalities, addressing emergency work and the repair or replacement of damaged infrastructure.

A bridge submerged by the flooded La Plata River is seen in the aftermath of Ernesto, in Toa Baja, Puerto Rico, on Aug. 14. (Ricardo Arduengo/Reuters)

Puerto Rican Heritage Network Praises Federal Disaster Declaration for Storm Ernesto Relief

The announcement comes as a relief to many Puerto Rican families on the island and the mainland. Former Florida State Representative Daisy Morales, President of the Puerto Rican Heritage Network (PRHN), commended the Biden Administration for its prompt response and support.

“Families in the mainland are relieved Puerto Ricans in the motherland are getting federal assistance from the Biden Administration,” Morales stated. “We will continue to monitor the recovery efforts.”

Federal Assistance Overview

The declaration provides federal funding on a cost-sharing basis for:

  • Emergency Work: Clearing debris, restoring critical services, and temporary housing.
  • Repair or Replacement: Addressing damage to public facilities, roads, bridges, and utilities.
  • Hazard Mitigation: Efforts to reduce future disaster risks across the entire Commonwealth.

David Miller, Jr. of FEMA has been appointed to coordinate federal recovery operations in the affected areas. FEMA will work closely with commonwealth and local governments, as well as nonprofit organizations, to ensure swift and effective aid delivery.

Impact of Tropical Storm Ernesto

The storm wreaked havoc across Puerto Rico, causing:

  • Severe flooding and landslides in several municipalities.
  • Damage to homes, public facilities, and critical infrastructure.
  • Economic disruption in both urban and rural areas.

The municipalities most affected include Aguas Buenas, Aibonito, Añasco, Barranquitas, Canóvanas, Ceiba, Coamo, Comerío, Corozal, Hormigueros, Jayuya, Las Marías, Loíza, Manatí, Maricao, Maunabo, Mayagüez, Naguabo, Orocovis, San Lorenzo, San Sebastián, Santa Isabel, Vega Alta, Vieques, Villalba, and Yabucoa.

What’s Next?

  • Further Assessments: FEMA will conduct additional damage evaluations, and new designations may follow.
  • Long-Term Recovery: Reconstruction of homes, roads, and facilities while implementing hazard mitigation projects.
  • Community Support: Nonprofit organizations and local governments will play a vital role in supporting affected families.

For inquiries or updates, the FEMA News Desk can be contacted at (202) 646-3272 or FEMA-NEWS-DESK@FEMA.DHS.GOV.

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General Keith Kellogg Nominated as Special Envoy for Ukraine and Russia

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General Keith Kellogg Nominated as Special Envoy for Ukraine and Russia

WEST PALM BEACH, Fla. (FNN) – Former President Donald Trump has announced the nomination of General Keith Kellogg to serve as Assistant to the President and Special Envoy for Ukraine and Russia. General Kellogg, a seasoned military leader and national security expert, brings decades of experience in military and diplomatic roles to the forefront of the U.S.’s evolving strategy in Eastern Europe.

In a statement, Trump praised Kellogg’s distinguished career and dedication to public service, noting that the general has been with him “right from the beginning.” Kellogg previously served as National Security Advisor to Vice President Mike Pence and held senior roles during the Trump Administration’s first term, earning a reputation for his strategic approach to complex global issues.

Trump emphasized that this nomination reflects his commitment to “Peace Through Strength,” a cornerstone of his foreign policy agenda. The appointment aims to bolster the U.S.’s role in resolving the ongoing conflict in Ukraine while managing strained relations with Russia.

The Mission: Securing Peace and Stability

General Kellogg’s role as Special Envoy places him at the helm of delicate negotiations and strategy implementation in one of the world’s most volatile regions. His task will include mediating disputes, ensuring U.S. support aligns with strategic goals, and strengthening alliances with NATO partners.

With global tensions heightened by the ongoing conflict in Ukraine, Kellogg’s leadership is expected to contribute significantly to stabilizing the region. His nomination sends a clear message of America’s intent to regain influence and foster peace on the global stage.

A History of Excellence

Throughout his military career, Kellogg has commanded key units and provided leadership in critical operations, including deployments during the Gulf War. His transition to the private sector brought additional expertise, where he worked on defense and business initiatives.

Trump’s announcement reinforces his broader campaign narrative of restoring America’s strength and prioritizing global security. “Together, we will secure peace through strength and make America, and the world, safe again!” the former president declared.

The Global Impact

Kellogg’s nomination comes at a critical time, as the U.S. balances military aid to Ukraine with efforts to de-escalate tensions with Russia. His appointment is anticipated to influence ongoing policy decisions in Washington and signal a renewed focus on diplomacy under Trump’s leadership.

Observers highlight that this move could galvanize support among voters concerned about foreign policy and national security, while also rallying allies worldwide to address shared challenges.

 

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