Grenada joins Bank of ALBA - MPPRE

Grenada joins Bank of ALBA

At the 19th Summit of Heads of State and Government of the Bolivarian Alliance for the People of Our America-Peoples’ Trade Treaty (ALBA-TCP), Grenada’s Minister of Agriculture, Lands and Forestry Peter David announced his country’s decision to join the Bank of ALBA.

In his regard, David delivered a letter by Prime Minister Keith Mitchell expressing Grenada’s desire to join this multistate financial institution.

“The Bank of ALBA has done a wonderful work in the Caribbean and Latin America. The Bank of ALBA is part of what we call a new financial architecture, and we in Grenada will join this new financial architecture, and this act signals the faith in the relations between Grenada and ALBA-TCP,” said David.

Likewise, he thanked for the help received by ALBA-TCP allied countries amid the COVID-19 pandemic, and expressed his government’s desire to strengthen bilateral cooperation relations.

The Bank of ALBA is a financial organization, with its own legal status, established in Caracas on January 26, 2008, by the ALBA-TCP presidents and heads of Government, who endorsed the Foundation Charter at the 6th ALBA-TCP Summit.

The Bank of ALBA aims to help with the economic, social, sustainable development, reduce poverty and asymmetries, strengthen integration, and promote a fair, dynamic, harmonic, equitable economic exchange among the Alliance’s member countries.