Grenada gets EU funds

Grenada is to receive a $4.5 million cash injection from the European Union (EU) under a special programme to help countries worst affected by the global financial crisis.



The funds are part of a $340 million package earmarked for 19 African Caribbean and Pacific countries.



Grenada's Finance Minister Nazim Burke says the money will be used for recurrent expenditure and capital projects.



Burke says St George's request was approved because the government has put in place the necessary financial management structures.



Antigua and Haiti have also applied for assistance from the fund but their requests are yet to be approved.