Budget Speech 2011 - Government of Grenada
Budget Speech 2011 - Government of Grenada
Budget Speech 2011 - Government of Grenada
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
The inclusion <strong>of</strong> pension funds in the new Insurance Act will ensure this<br />
area is brought under the supervision <strong>of</strong> GARFIN.<br />
Finally, <strong>Government</strong> will move to ratify the various Tax Information<br />
Exchange Agreements that were signed last year.<br />
5.17 ENVIRONMENTAL MANAGEMENT<br />
The issue <strong>of</strong> the environment is a top priority for this Administration.<br />
Science has established that Climate Change and biodiversity loss pose<br />
a threat to humanity. Every citizen <strong>of</strong> <strong>Grenada</strong> has a part to play as we<br />
issue a call for the reduction <strong>of</strong> the use <strong>of</strong> plastics and other non returnable<br />
containers. Citizens are urged to play their part in the protection <strong>of</strong> beaches<br />
and marine resources.<br />
During the past year, the staffing in the Ministry responsible for the<br />
Environment was strengthened and will be further enhanced this year.<br />
A major focus <strong>of</strong> the Ministry is the preparation <strong>of</strong> projects to grant<br />
funding for several projects. In this regard, the Ministry has already<br />
submitted project proposals in excess <strong>of</strong> $20 million for consideration<br />
under various ‘adaptation financing’ programmes. During the Climate<br />
change negotiations; there were bilateral discussions with nine countries<br />
and international organizations to leverage the environment platform to<br />
advance our national development priorities.<br />
In 2010, <strong>Grenada</strong> was elected President <strong>of</strong> the Bureau <strong>of</strong> the Parities <strong>of</strong><br />
the Montreal Protocol, and continues to Chair the Alliance <strong>of</strong> Small Island<br />
States. This year, <strong>Grenada</strong> stands to benefit from funding on several<br />
projects developed by the Ministry <strong>of</strong> the Environment:<br />
• Pilot Project on Climate Resilience<br />
• Mainstreaming Climate change in the development Agenda<br />
• Economic Valuation and Willingness to Pay<br />
• Water<br />
<strong>2011</strong> <strong>Budget</strong> Statement Page 81