ST. GEORGE’S, Grenada, CMC——The Government of China has agreed to provide Grenada with gratuitous aid of 100 million yuan for mutually agreed-upon agreed-upon projects.
This financial support was signed in an agreement for economic and technical cooperation during Grenada’s Prime Minister’s recent official visit to China, which also included two other government ministers and several supporting staff.
Although the agreement was signed on January 13, it was disclosed during a special news conference on Thursday attended by China’s Ambassador to Grenada, Wei Hongtian.
“This 100 million Chinese yuan is equivalent to US$13.7,” said Wei, repeating that the Government of Grenada was visiting China on official business in observance of the 20th anniversary of both states resuming diplomatic ties.
Since resuming diplomatic relations, China has provided Grenada with millions in grants for capital and social projects.
These include building athletic and cricket stadiums, repairing roads, and providing university scholarships and training for hundreds of young professionals.
Prime Minister Dickon Mitchell, who headed the delegation, was the first Head of Government to visit China in 2025.
He was accompanied by Ministers Lennox Andrews and Joseph Andall, who hold the ministerial posts of Economic Development and Foreign Affairs, respectively.
“The aid shall be used to implement mutually agreed projects,” said the Ambassador. The projects that that agreement will cover are yet to be disclosed. “Both sides will set up an apparatus to decide how and when the grant will be distributed,” said the Foreign Affairs Minister, who pointed out that Grenada will have to present a plan showing how the money will be utilized.
The financial aid from China is equivalent to EC$40 million. “This is a significant sum that can go a long way in aiding the development of Grenada,” said Andall.
Andrews, the Minister for Agriculture, said an agreement was also signed about a study in the area of agriculture.
“For the past years, we have had an MOU in which China will provide agricultural assistance to the Government and people of Grenada. We are now completing the eighth agreement, and we are about to sign the ninth agreement,” he added. Once that ninth agreement is signed, it will be implemented.
Besides the financial aid agreement, Grenada signed other documents that were either memorandums of understanding or memorandums of agreements. These documents cover a wide range of areas, including agriculture, energy and the environment, renewable energy, arts, culture and tourism, and the blue economy.
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