updated: 11.12.08
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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

Ongoing IFAD operations

Rural Enterprise Project (national)

Statistics

Projects: 2

Total cost:
US$10.4 million

Total loan amount:
US$5.7 million

Directly benefiting:
5,000 households

Contact information
Ms Jaana Keitaanranta
IFAD Liaison Officer
IFAD
Ave. Samuel L. Galindo y Calle Gerardo Ortega
Edificio Central Piso 1
Ciudad de Panamá
Panamá
Tel: +507 2650838
Fax: +507 2631414
jaana.keitaanranta@undp.org.pa