A social partners committee has been appointed to monitor the implementation of Grenada’s Homegrown Programme.
Since his administration assumed office a little over a year ago, the chairman, Prime Minister Dr Keith Mitchell, has been meeting regularly with the social partners — government, private sector, labour unions, civil society and the churches — in the Cabinet Room to discuss the country’s state of affairs.
This monitoring committee will receive and review monthly reports from the Ministry of Finance on performance criteria and benchmarks, and will assist government to achieve agreed targets and benchmarks, as well as recommend corrective actions as deemed necessary. A communique on its findings and recommendations will be issued after each meeting.
The IMF has already agreed in principle on a deal which will see the Grenada Government drawing down US $21.9 million. Under this deal, Grenada is also expected to draw down at least a further US $100 million in soft loan and grant funding. The programme covers three years, and is supported by development partners including the IMF, World Bank, Caribbean Development Bank and the European Union (EU).