BRIDGETOWN – The Caribbean Development Bank has approved a USD5 million loan to support climate-smart agriculture and enterprise business development in Grenada. The project will assist the Government of Grenada in its efforts to increase productivity and the contribution of the agricultural sector to economic growth, rural poverty reduction and environmental sustainability. The International Fund for Agricultural Development will provide additional financing. Male and female farmers and entrepreneurs in some of Grenada’s poorest rural communities will receive technical assistance and financial support, as well as increased opportunities to own and operate businesses and take advantage of employment opportunities in the sector. The project will also promote farmer adoption of new technologies and practices to build resilience to climate change impacts.(cdb)…[+]