The Grenada government says the World Bank has approved a US$15 million disbursement for the island.
It follows last week’s approval by the International Monetary Fund (IMF) of a US$21.9 million structural adjustment programme.
A government statement said that the island will receive another disbursement from the World Bank as the island implements its “homegrown” structural adjustment programme with IMF support.
Prime Minister Keith Mitchell noted that the World Bank has once again “demonstrated its highly valued support for Grenada to increase resilience, enhance competitiveness and promote faster and higher economic growth.
“This is further evidence of the confidence of the international community in Grenada’s policies, especially as regarding the home-grown programme,” he added.
Source— CMC
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