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Rural poverty approaches, policies & strategies in Grenada

To help the country's economy find a path of sustained economic growth, the Government of Grenada has developed a Medium-Term Economic Strategy. The objectives of this strategy are to develop a more diversified and service-oriented economy and to strengthen the operations of the central government and its measures to reduce poverty. The government's basic objective is to have a small and effective public service that has primary responsibility for creating a favourable environment for development, including adequate infrastructure. In addition, there is emphasis on enabling the private sector, on both domestic and international levels, to play a leading role in the generation of income and employment.

The specific objectives of the strategy are to:

• stimulate economic growth by pursuing and promoting investments in tourism, agriculture, agro-manufacturing and knowledge-based services
• encourage greater participation by Grenadians in expansion of the domestic economy
• expand national capacity for food production, domestic consumption and export
• accelerate the pace of human development
• maintain and improve social safety nets for the poor and disadvantaged

The government has recently increased its budget allocations in order to achieve these objectives and is currently implementing more than 25 poverty reduction projects.

Source: IFAD