Grenada Bags US$8.95 Million Loan From IDB

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The Grenada government is set to get US$8.95 million in loan from the Inter-American Development Bank.

It has a variable interest rate of about 2.06% and the terms and conditions include a five-year grace period, with repayment over 20 years.

The loan will serve as a stimulus to help people who have been marginalized by the Impact of the COVID-19 pandemic.

Prime Minister Dr. Keith Mitchell noted that the funds will be disbursed through the Caribbean Development Bank.

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Edited by Jesus Chan

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