CDB grants OECS US $2.5 Million for EGRIP

On Tuesday 24 January 2011, the Heads of Government and the OECS Director General signed a grant agreement between six OECS member states and the Caribbean Development Bank (CDB) for the OECS Electronic Government for Regional Integration Project (EGRIP). Director of Economic Affairs at the OECS Secretariat, Randy Cato said the agreement secures US $2.5 million to support the continued implementation of the EGRIP project. According to Cato, the agreement now allows the inclusion of Antigua and Barbuda and St Kitts and Nevis who were left out of the previous agreement because “that first component was financed by the World Bank and under the World Bank’s procedure, both countries were not eligible for special concessionary financing.”

Full story in the Wednesday issue of The STAR.