UN General Assembly
1981

212. In fact, only a few weeks earlier, the-Reagan Administration, through its Alternate Executive Director on the Executive Board of IMF, attempted to block Grenada's legitimate application for an IMF loan of $8.17 million, In Addition, the Reagan Administration used its influence in the World Bank to block Grenanda's effort to secure some $3 million in IDA concessional funds. Then in June 1981, the Reagan Administration offered the Caribbean Development Bank $4 million for basic human needs on the express condition, however, that Grenada be excluded. This vulgar attempt to undermine the Integrity of one of our regional institutions was categorically rejected by that Bank's Board of Governors.