Saint Vincent and the Grenadines, August 02, 2023, While on a visit to the Caribbean region, Saudi Fund for Development (SFD) CEO Sultan Al-Marshad and his accompanying delegation visited Saint Vincent and the Grenadines, where they met with Prime Minister Ralph E. Gonsalves, Deputy Prime Minister and Minister of Transport Montgomery Daniel, Minister of Health Clair Prince, Minister of Education Curtis King, and other government officials.
The two sides discussed priorities in development cooperation and progress in relation to SFD-funded development projects in the country. They also emphasized the important role international cooperation and solidarity play in advancing sustainable development, particularly in Small Island Developing States (SIDS).
On the occasion, Gonsalves said: "SFD has already demonstrated remarkable solidarity with the government and people of St. Vincent and the Grenadines in our quest for sustainable development. This conclusion is evident from its soft-loan support for projects in health and the creative industries. This follow-up visit by SFD promises to enhance further support in various economic sectors and particular capital projects. All of this is a manifestation, fundamentally, of the strategic partnership between Saudi Arabia and Saint Vincent and the Grenadines."
Al-Marshad said: "It's a pleasure to be here in the wonderful nation of Saint Vincent and the Grenadines, two months after the signing of two loan agreements to support the nation's healthcare and social infrastructure sectors. SFD is committed to working closely with the government of Saint Vincent and the Grenadines to ensure we remain on track to deliver these important development projects. We sincerely hope they will support the country's development journey and bring about future prosperity for its entire people."
Two loan agreements were signed in May for a total value of $16 million; they will help generate socio-economic growth and development in Saint Vincent and the Grenadines, and thus contribute to improving the quality of life for the local population.
