World Bank directors visit Grenada
Tuesday, November 22, 2005
ST GEORGE'S, Grenada: Executive Directors
from the World Bank visited Grenada and held meetings with the Prime Minister,
Dr. Keith Mitchell, the Finance Minister, Mr. Anthony Boatswain, and other
senior government officials from Grenada and the wider OECS.
During the visit, the Directors from the
Bank had an opportunity to look at some of the challenges facing small states,
to discuss the recently approved OECS Country Assistance Strategy, and more
broadly to listen to the region’s governments and private sector
representatives articulate the region’s priorities.
“This important visit comes two months after
the World Bank’s Board endorsed the new Country Assistance Strategy for the
OECS and builds on the dialogue between senior World Bank management and OECS
Governments,” said Caroline Anstey, the World Bank’s Country Director for the
Caribbean.
Among the challenges, Dr. Anstey emphasized
reducing vulnerabilities to natural disasters and external economic shocks and
keeping the focus on the agenda for growth and competitiveness in the region.
The Executive Directors visited several
sites that were damaged by Hurricane Ivan, including a secondary school and
the Gouyave Nutmeg Processing Plant. They also held meeting with
representatives from the private sector and visited St. George’s University.
Prime Minister Mitchell thanked the World
Bank members for their visit, and said that the Bank had responded quickly to
Grenada’s needs after Hurricane Ivan.
He indicated that Grenada’s reconstruction
had gone well because of the help and support the Government has been able to
get both internationally and regionally and also because of the hard work of
the Grenadian people. However, Prime Minister
Mitchell told the team that Grenada still required further assistance. The
Prime Minister stressed that Grenada suffered damage equal to 200 percent of
its Gross Domestic Product and that international community needed to continue
to help Grenada in its recovery efforts.
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