On March 27, 2026, the Government of Grenada formalized a new strategic partnership by signing a non-binding Letter of Intent (LOI) with CAF – the Development Bank of Latin America and the Caribbean, marking a key step toward advancing the island nation’s national sustainable development goals through targeted international collaboration.
The official signing ceremony saw Honourable Dennis Cornwall, Grenada’s Minister for Finance, sign the document on behalf of the Grenadian government, while Dr. Stacy Richards-Kennedy, CAF’s Regional Manager for the Caribbean, represented the regional development bank. Under the terms of the agreement, Grenada’s Ministry of Finance has been named the central coordinating body for all future joint activities between the two parties. While the LOI carries no binding legal obligations, it creates a formal, structured foundation for advancing shared projects, technical assistance programs, and other collaborative efforts aligned with both parties’ priorities.
Two core priority areas for future partnership have already been outlined in the agreement. First, the parties aim to boost institutional capacity and improve public service delivery across Grenada’s entire health sector. Second, the agreement paves the way for the development and potential future financing of a nationwide telehealth initiative designed to expand healthcare access and connectivity across all three of Grenada’s constituent islands: Grenada itself, Carriacou, and Petite Martinique.
In remarks following the signing, Minister Cornwall emphasized his confidence that the new partnership will deliver mutual benefits and make a substantial contribution to Grenada’s long-term sustainable development targets. “Through this engagement, we are laying the groundwork for enhanced collaboration in key priority areas, particularly institutional strengthening and the advancement of digital integration within our health sector,” Cornwall explained. “These are critical pillars as we work to modernize our systems, improve service delivery, and ensure that all Grenadians — across Grenada, Carriacou, and Petite Martinique — can benefit from more accessible and resilient healthcare.”
Dr. Richards-Kennedy echoed this optimism, noting that CAF views the new agreement as an important milestone in supporting Grenada’s national development vision. “Telehealth has the potential to fundamentally transform healthcare in Grenada and the wider Caribbean, by expanding access, improving quality and enhancing efficiency across the health system,” she said. “CAF stands ready to share our expertise and lessons learnt as we work with the authorities and beneficiaries to co-create a tailored programme that will deliver quality services quickly and reach communities across Grenada, Carriacou and Petite Martinique.”
The LOI aligns with the Grenadian government’s broader strategy of diversifying its international development partnerships and leveraging cross-border cooperation to address high-priority national needs, with a particular focus on strengthening health system resilience and expanding digital innovation across key public sectors.