Grenada pleased with World Bank's assessment
Published:Friday | May 3, 2013 | 12:20 PM
The Grenada government says it is pleased that the decision to make private sector investment a hallmark of its future socio-economic policies has met with approval from the World Bank.
Prime Minister Dr Keith Mitchell, whose New National Party came to power in the February 19 general election, said he was “excited that Grenada is being recognised for its move towards fiscal responsibility.
The World Bank in an analysis of the Mitchell administration commended the new era economy which it said could lead to increased productivity.
The World Bank’s report said the government is developing competence in the assessment for exported goods with its new automated customs processes, and efficient and speedy cargo clearance time.
As a result, Grenada will soon be the recipient of certificates for Customs compliance.
The Washington-based financial institution has urged the new government to continue to promote investments and quicken procedures related to the processing of investment proposals.
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