Grenada’s Ambassador to the United States and Permanent Representative to the Organisation of American States (OAS), HE Yolande Smith, on Tuesday, 7 January 2020 at the World Bank Headquarters in Washington, DC, signed documents for the Second Resilience and Blue Growth Development Policy Financing on behalf of Grenada.
The Second Resilience and Blue Growth Development Policy Credit will realise a US$20 million loan to Grenada, which will be used to foster reforms to support fiscal sustainability, strengthen marine and coastal management, and build climate resilience.
The terms of the International Development Association (IDA) agreement are 0.75% interest for 40 years, with a 10-year grace period.
This signing comes under prior actions taken by Grenada under the programme based on the original agreement, including the approved implementation schedule for the phase-out of single-use plastic food containers, cutlery and plastic straws as evidenced by the Non-Biodegradable Waste Control act of 2019.
Also affixing her signature to the document from The World Bank was Abha Prasad, Acting Director, Caribbean Country Management Unit, Latin America and Caribbean Region.
GIS
How does Grenada plan to pay all that money back? You can’t even provide Health Care for your Citizens, loans, loans and more loans, yet nothing ever changes on Grenada for the average person. Coastal management, what a load of crap as we see the continued destruction of the very costal environments that were to be protected like the area at La Sagesse, like the huge development at Levera where the turtles come to lay their eggs, like Silver Sands and their continued destruction of Grand Anse Beach. You need to save all the jungle and trees that you can and plant even more. Make it ILLEGAL to remove what is left of the Mangroves that protect your shorelines oh yes, I forgot, but that would mean you would have to actually enforce some laws which I never see on Grenada either. Everyone just does whatever they want no matter the consequences.