Grenada is still paying off a decades-old debt to Taiwan's Export-Import Bank, a reminder that switching diplomatic recognition to China did not wipe the loan away.

• The Caribbean island borrowed roughly $30 million from Taiwan's export bank in the 1990s to fund infrastructure, then cut diplomatic ties with Taiwan in 2005 and recognized China.
• Grenada defaulted, Taiwan's bank sued in a New York federal court and won in 2007, with the island ordered to repay principal plus interest.
• A 2015 restructuring cut the unpaid principal in half, stretched payments over 15 years at 7% interest, and added a clause allowing delays after hurricanes.
• Grenada's own budget papers still list Taiwan's export bank as a creditor, with about NT$250 million outstanding at the end of 2025.

Outlook: Under the current schedule, Grenada will not finish repaying Taiwan until the end of 2029.