Montserrat Signs on for BNTF 9
Montserrat’s Hon. Premier Donaldson Romeo recently signed an grant agreement from the Caribbean Development Bank (CDB) for theÂ financing of the Basic Needs Trust Fund (BNTF) ninth programme.
The grant signing follows notification from the Caribbean Development Bank (CDB) indicating thatÂ Contributors to the Special Development Fund (SDF9) approved a USD780,000 grant to the Government of Montserrat.
The BNTF programmes support a socially inclusive development process that empowers the poorÂ and vulnerable, and supports institutional development.
BNTFâ€™s ninth cycle was approved in March 2017, and will run until December 31, 2020.
Premier Romeo said, â€œWe are extremely appreciative of the CDB and the Contributors for providingÂ this support, which will contribute to development efforts, aimed at improving the quality of life forÂ the people of Montserrat.â€ He noted that the CDB and the Government of Montserrat has aÂ longstanding partnership resulting in development and economic benefits for the island.
The grant, from the CDBâ€™s Special Funds Resources will assist in the financing of a project toÂ improve access to quality education, water and sanitation, basic community access and drainage;Â livelihoods enhancement and human resource development in low-income and vulnerableÂ communities. This will be done through sub-projects with project management support and projectÂ implementation support.
Over the years, BNTF programmes have contributed positively to Montserratâ€™s developmentÂ efforts. Some of the programmes funded under previous BNTF cycles include, the construction ofÂ the Abbatoir in Brades; the Barzeyâ€™s Community Road Rehabilitation and the DrummondsÂ Community Road Rehabilitation, among others.