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Grenada draws down US$1.7 million from EU

Published:Sunday | January 1, 2012 | 1:50 PM

The European Union (EU) has provided 1.37 million Euros (US$1.7 million) to the Grenada government as the last tranche of the ninth European Development Fund General Budget Support Programme.

A government statement said that this latest disbursement means Grenada would have drawn down 98 per cent or a total of 20 million Euros of the total available funds under the budget support programme.

Head of the European Union in Barbados, Valeriano Diaz, in a letter to Grenada’s finance minister Nazim Burke says the programme has been a success.