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CDB for Grenada

BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank has approved the provision of a US$10 million loan to the Government of Grenada, to support reforms to stabilize the economy and pave the way for sustainable growth.

This is the second of three Policy-Based Loans (PBLs) that have been proposed for Grenada to support that Government’s 36 month “Home grown” adjustment programme to restore fiscal and debt sustainability, improve competitiveness and promote sustainable growth. The programme is also supported by the International Monetary Fund and the World Bank.

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