The World Bank Board of Directors has approved a US$5M loan to help Grenada to strengthen its conditional cash transfer programme and protect its poor citizens from a further decline in living standards.
According to a press release the zero-interest credit will help the country to improve coverage of poor households receiving cash transfers provided that children go to school and get health check-ups. “Grenada’s safety net includes three targeted cash transfer initiatives which will be consolidated into a comprehensive conditional cash transfer (CCT) programme,” Minister of Finance,
