Antigua and Barbuda and Grenada - Policy-Based Loans
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The Economics Department agrees with the finding of the Antigua and Barbuda and Grenada PCR Validation Reports. The Bank accepts the lowering of the Highly Satisfactory Sustainability rating for the Grenada PBL, which was too optimistic a rating, given that there is never full certainty as to whether project level benefits will be sustained. However, the Economics Department differs on the justification provided for lowering the sustainability rating.