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Grenada

 

 
 

Grenada is a small island state stretching towards the southern end of the Caribbean island chain. It is an upper-middle income country ranked 86 out of 179 countries in the Human Development Index 2008. Grenada's small open economy is heavily dependent on tourism and exports of bananas and spices. In recent years, manufacturing paper products and electronic components, offshore financial services and direct marketing have also become increasingly important. In 2004 and 2005, Grenada was battered by two major hurricanes that caused widespread devastation. Around 90% of buildings were either damaged or destroyed and roads were wrecked. In addition to the ongoing reconstruction efforts, the priority is now on assisting the affected population to return to normal conditions, in order to maintain social stability and to prevent a rise in poverty.

Aid programmes

The Country Strategy Paper for Grenada (2008-2013) presents the strategic framework for the co-operation between the European Commission (EC) and Grenada under the 10th European Development Fund (EDF). In order to contribute to the social and economic recovery of the country, EC assistance under the 10th EDF will concentrate on supporting human settlement with special attention to reducing the vulnerability of low-income households by providing them with proper accommodation, infrastructure and services.

The EC's total allocation (2008-2013) foreseen for Grenada under the 10th EDF amounts to €9.2 million.

In addition, since 1999, Grenada is benefiting from €5.5 million in grants from the Special Framework of Assistance for Traditional ACP suppliers of Bananas, under the general budget of the EC. These grants are contributing to the development of the agriculture, credit, ICT and private sectors.

Recent assistance

The Country Strategy Paper for Grenada (2001-2007) under 9th EDF focussed on tourism development. Later, a general budget support component was added to support Grenada's macroeconomic reform programme for poverty reduction through private sector development, employment and trade facilitation.

Following the destruction caused by the hurricanes, funds were reallocated to the rehabilitation of school buildings and water facilities. The School Emergency Rehabilitation project is covering the rehabilitation of 20 school buildings damaged by the hurricane and a telecommunications project. Activities include civil works, furniture, school supplies and any other issues aimed at rehabilitating educational facilities.

For further details on projects and programmes in Grenada funded from the European Development Fund and the general budget of the EU, please visit the project's section of the website of the Delegation of the European Union in Barbados and the Eastern Caribbean, responsible for Grenada.

Other sources of information

The Directorate-General for Development is responsible for drawing up the cooperation strategy with Grenada.

More information on EU relations with Grenada is available on the pages of the Delegation of the European Union in Barbados, which is responsible for co-operation activities in the country.

Information on trade relations in the ACP region can be found on the website of the Directorate-General for Trade.

Last update: 08/11/2012 | Top