BRUSSELS, Belgium, June 29, 2010 – Grenada's application for a US$8.5 million loan to finance the second phase of the agricultural feeder roads project has been approved by the OPEC Fund for International Development.
The approval, by the governing board of the fund last week, paves the way for the start of work on over 25 feeder roads across the country and would provide jobs for hundreds of workers.
Additionally, the approval of this OPEC loan would have a positive influence on related loan applications which are pending with other institutions, such as the Kuwaiti Fund.
The approval of other