Co-op Bank invests in serving Diaspora: MOU signed

Co-Op Bank support Grenada Diaspora Homecoming 2012

The Grenada Co-Operative Bank is lending its support to and getting visibility in the Grenada Diaspora Homecoming.

A Memorandum of Understanding (MOU) was signed between the Bank and the Ministry of Foreign Affairs last week Friday that sees Co-Op Bank taking responsibility for all thematic platforms used by the Diaspora during its Homecoming 2012 activities.

The Bank Executive Manager, Customer Care, Mrs. Mondale Squires-Francis says she believes that their contribution to these activities under the Government of Grenada Diaspora initiative is critical to setting the foundation for Grenadians living abroad, contributing, investing and helping in the development of Grenada.

She said that Co-op Bank, dubbed the Bank of the Diaspora is involved to ensure these investments bring to Grenada the kinds of rewards and benefits it can. While not disclosing how much money Co-Op Bank will be contributing towards the homecoming 2012, Mrs. Squires-Francis says that the Bank will be contributing a substantial amount on all the activities which began on August 05 and concludes on the 18.

Mrs Mondelle Squires-Francis and Mrs Elizabeth Henry-Greenidge exchange signed MOU

Mrs. Squires-Francis said that the Bank established a Cambia at the Maurice Bishop International Airport (MBIA), to facilitate financial transactions by returning nationals.
Permanent Secretary in the Ministry of Foreign Affairs, Mrs. Elizabeth Henry-Greenside thanked the bank for its contribution in the area of the thematic platforms, pointing out that the Bank has always contributed to the Diaspora. Activities organized by the Diaspora includes a workshop in Carriacou dealing with “Management and Negotiations” and another on “Copyright and Royalties”, and according to Mrs. Henry-Greenside, these are two important areas of development beneficial to local artistes, public servants and other professional organizations.

She said the Bank would also sponsor training exercises in areas such as CPR and mental health training. She said that the Government of Grenada recognizes the important role the Diaspora plays in nation building and is happy that Co-Op Bank is involved.

More than 14,000 Grenadians residing throughout the world have already returned to their homeland for the summer. Mrs. Ingrid Jackson-Edwards, Ambassador, Diaspora Affairs, said that they are working with the Grenada Board of Tourism (GBT) to welcome them. She said that the only complaints received thus far by returning nationals is the need for more activities to keep them active and entertained.

Mrs. Jackson-Edwards said she hopes the business community will heed the calls of retuning nationals and capitalize on the opportunities created by the Diaspora Homecoming.

The activity is being held at the height of Spice Mass 2K12, Carriacou Regatta and Rainbow City Festival which provides a number of events.  Grenada’s Counsel General, Derek James was also present at the signing of the MOU.

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