UN General Assembly
2009

by the Food and Agriculture Organization of the United Nations shows that Latin America and the Caribbean was the most successful region before the surge in food prices in 2008. That affirms our efforts. However, another study showed that in times of crisis, social spending does not favour the poor and development goals are stymied. This is our fear, and it is also our reality. That is why the Government introduced a package of measures, greatly supported by financing from the Trinidad and Tobago Petroleum Fund, which has begun to lay the basis for developing a low-carbon and rights-based economic development model. In this regard, we wish to thank the Government of the Republic of Trinidad and Tobago for its continued assistance to Grenada and to the Caribbean region through its contribution to this Fund. We are also grateful for the Petrocaribe agreement with the Government of the Bolivarian Republic of Venezuela, through which several Caribbean countries are able to purchase oil on softer terms. 3 09-53165 Grenada has put in place strategic initiatives that