Grenada: World Bank Approves US$6 Million for HIV/AIDS
Programs
Contacts: Alejandra Viveros (202) 473-4306
E-mail: Aviveros@worldbank.org
Lee Morrison (202) 458-8741
E-mail: Lmorrison1@worldbank.org
For more information on this project, please visit:
http://www4.worldbank.org/sprojects/Project.asp?pid=P076715
WASHINGTON, July 26, 2002 – The World Bank yesterday approved a loan and credit worth US$6.04 million to Grenada for programs to curb the
spread of HIV/AIDS infections.
     The HIV/AIDS Prevention and Control Project will provide financial assistance to the Government of Grenada to support the implementation of its new
     national HIV/AIDS strategy, focusing on improvements in the national health system and enhanced efforts to check the HIV/AIDS epidemic.
Specifically, the project aims to curb the spread of HIV infections, reducing the death rate from AIDS and improving the quality of life for people living with
HIV/AIDS. This will be done by educating young people about safe sex practices, distributing condoms, organizing confidential HIV testing, improving
hospital facilities for the testing and supply of blood for transfusions, providing medical treatment and home care, and finally by strengthening the
management and surveillance of HIV/AIDS programs.
The project is part of the World Bank’s $155 million HIV/AIDS lending program for the Caribbean, approved in June 2001.
“The epidemic has the potential to take a serious toll on the health and economic well-being of Grenadians, as it affects the working age population,”
said Patricio Marquez, the World Bank’s Lead Health Specialist in charge of the Caribbean HIV/AIDS program. “This project is designed to
reverse that trend, and will benefit some of the most vulnerable groups in society, including women and children.”
The World Bank’s support includes a US$3 million IBRD single-currency, fixed-spread loan with a 15-year term, including five years of grace, and a US$3
million Credit from the International Development Association (IDA) with no interest and 35 years to maturity. The project will be implemented over five
years.
For more information on the World Bank’s work in the Latin America and Caribbean region, please visit: http://www.worldbank.org/lac