The Caribbean Development Bank (CDB) has pledged to make representation for 20 million US dollars in financial support, on Grenada’s behalf, to the International Development Bank (IDB). The money would be used mainly for the construction of low-income housing and a credit facility for the private sector. In a meeting on Tuesday (November 2) with Prime Minister Dr. Keith Mitchell, CDB President Dr. Compton Bourne, says top priority would also be given to Grenada at the Donors’ Conference on November 19. Prime Minister Mitchell welcomed CDB President Bourne as well as Vice President Desmond Brunton, indicating that their physical presence provides a moral boost for Grenada, which is absolutely needed at this time. The Prime Minister also expressed appreciation to the CDB representatives for what he described as tremendous support under difficult circumstances. Already CDB has made available some 27 million US dollars for ongoing and new projects, as well as a waiver of counterpart financing and has agreed to the payment of debt-servicing of 8.1 million US dollars until December 2005. Dr. Mitchell indicated that pledges for scholarships must be translated into actual funds to individual students in relevant schools in order to ease the financial burden on families at this time. The CDB President says the Bank continues to seek developmental opportunities, in which it can offer more assistance to member countries in times of need.