World Bank supports Grenada’s COVID-19 response and recovery

The World Bank has approved the $25 million Grenada COVID-19 Crisis Response and Fiscal Management Development Policy Credit. 

This quick-disbursing financing will support the country’s efforts to respond to the COVID-19 crisis in the short term and enhance long-term sustainability and resilience. 

The financing is expected to help the government to strengthen the country’s health systems and protect livelihoods through financial assistance to the tourism sector, the agriculture sector, and small businesses. The operation also supports the country’s medium-long term structural reforms to improve fiscal management and debt transparency, enhance climate resilience, and strengthen public accountability.