Grenada is set to receive a 5 million US dollar loan from the Caribbean Development Bank, to support its climate-smart agriculture and enterprise business development.
The project is to assist the Government efforts to increase productivity and the contribution of the agricultural sector to economic growth, rural poverty reduction and environmental sustainability.
The International Fund for Agricultural Development will provide additional financing.
Male and female farmers and entrepreneurs in some of Grenada’s poorest rural communities will receive technical assistance and financial support.
The project will also increase opportunities for persons to own and operate businesses and take advantage of employment opportunities in the sector.
CDB Projects Director, Daniel Best, says they’re pleased to be playing a role in addressing persistent issues of poverty, unemployment and underemployment in Grenada’s rural areas.
Under the project, there’ll be skills training and job placement for programme beneficiaries and training in climate-smart practices and technologies.
Infrastructure, including roads and drainage systems, will be expanded and rehabilitated.
The programme will be implemented over a six-year period and will assist the Government of Grenada with meeting its development goals, particularly achieving food security and reducing poverty.
