ST. GEORGE’S, Grenada, CMC -The Barbados-based Caribbean Development Bank (CDB) is making a loan totaling US$9.97 million available to Grenada to improve the island’s overall health infrastructure.
The CDB said that the funds are being made available by the European Investment Bank (EIB) under its Climate Action Line of Credit II – COVID-19 component, aimed at bolstering the region’s health systems in the wake of the pandemic with concessional financing through backing from the European Union (EU).
The funds will purchase medical and non-medical equipment and general supplies. Provide capacity building and specialized medical and health training for healthcare workers, the cost of delivery of vaccines and vaccination campaigns, and supply chain management and warehousing within Grenada’s healthcare system.
The project will also include construction and reconfiguring of some healthcare facilities.
“Our commitment extends beyond brick and mortar; it embraces the pulse of every citizen, the rhythm of every heartbeat seeking solace in better and more accessible health services for all our citizens, and the components of this project, as meticulously crafted, are the keystones of our aspirations,” Health MinisterPhilip A. Telesford, said at the launch of the project on Friday.
“It is my profound belief that with strong will, desire, and commitment, this project will echo through time, touching lives, healing wounds, and igniting hope for a responsive and resilient health sector,” he added.
CDB’s Division Chief, Social Sector Division, Dr. Martin Baptiste, said the investment would enhance the health sector’s capacity for the provision of care by boosting response and resilience to the impacts of COVID-19 and increase the preparedness and capacity to respond to future health emergencies in Petite Martinique, Carriacou, and Grenada.
“This project responds to the needs of healthcare workers but, more importantly, the needs of the citizens of the tri-island state. This project is about you. Urgent action is needed, and this project is one of the Government’s main avenues to respond.
“ We want to assure you of CDB’s unwavering commitment as you work towards the development outcomes you have defined,” he added.
Ambassador Malgorzata Wasilewksa of the EU Delegation to Barbados and the Eastern Caribbean States, the OECS and CARICOM/CARIFORUM, said the EU continues to advocate for Universal Health Coverage and prioritizes combatting current and future health threats in Grenada and the rest of the region.
“The program being launched will continue to enhance the lives of Grenadians and build upon previous actions by strengthening the country’s health system resilience and mitigating against the impact of COVID-19, as well as preparing Grenada for future health emergencies,” she said.
EIB Representative for Southern and Eastern Caribbean, Kristina Eisele, said investing in health is vital for people and the economy.
“ We are proud to support this project, which will have a lasting impact on people’s lives in Grenada, providing for their immediate healthcare needs and strengthening resilience to future health crises.”
Investing in strengthening healthcare worldwide is one of the pillars of the EU’s Global Gateway strategy, in which the EIB is a crucial partner. Other CDB member countries that benefit from support are St.Lucia, St. Vincent, and the Grenadines.
St. Lucia’s health sector is expected to benefit from a US$9.86 million project launched earlier in February. In March, a similar initiative is in train for St. Vincent and the Grenadines.
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