IFAD in Grenada
In 1982 IFAD financed the first of two projects in Grenada, approving a loan of US$1.5 million to the government for its Artisanal Fisheries Development Project. IFAD supports a second project in Grenada , the Rural Enterprise Project, with a loan of US$4.2 million.
IFAD’s strategy in Grenada
IFAD’s strategy in the country builds on the government’s poverty reduction strategy by supporting efforts to adopt a more community-oriented rural development strategy that involves non-governmental organizations (NGOs). In addition, IFAD-funded projects in Grenada focus on gender concerns and on involving sectors other than agriculture, in an effort to help develop off-farm income-earning activities and to promote links between rural development and tourism. To promote the sustainable use of natural resources, IFAD is also exploring possible development of an organic produce sector.
Source: IFAD
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