PM Mitchell and PS Antoine head for Washington

Tuesday, April 1, 2014 8:47 PM - George's, Grenada
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ST. GEORGE’S, GRENADA, April 1, 2014: Grenada’s Prime Minister and Minister for Finance, Dr. Rt. Hon. Keith Mitchell, and his Permanent Secretary, Mr. Timothy Antoine, will leave for Washington next week to attend meetings with the World Bank and International Monetary Fund (IMF).

The meetings will, among other things, examine Grenada’s development agenda as well as the rest of the region.

“Those meetings are to look at the development agenda for Grenada and for the region as a whole,” Bhola announced on Tuesday.

“In particular, both financial institutions will be discussing taking to their board, sometime in May, the issue of the monies that we are expecting to flow to us in this country as a result of the implementation of the Structural Adjustment Programme.”

Grenada is to draw down US 21.9 million dollars for development purposes as a result of an agreement with the IMF.

The agreement will also see the Keith Mitchell administration draw down on at least US 100 million dollars in grants and soft loans from the World Bank, the European Union, as well as the Caribbean Development Bank.

“We believe from all of the communication we have had from both institutions; [World Bank and IMF], inclusive of the Caribbean Development Bank as well and the European Union, that between May and June we should start receiving and feeling the effect of the funding that was promised to us,” Bhola said.

Prime Minister Mitchell and Permanent Secretary Antoine will be in Washington from the 9th to the 12th of April.




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