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The Grenada Development Bank is the renamed Grenada Agricultural and Industrial Development Corporation which itself was the successor to the Grenada Agricultural Bank, originally established in 1965.
The Corporate name, Grenada Agricultural and Industrial Development Corporation, was changed to the Grenada Development Bank by People’s Law No. 33 of 1980, which became effective on July 18, 1980.
The primary purpose of the Grenada Development Bank is to assist in the economic development of Grenada by providing financial and technical assistance in the areas of Agriculture, Fisheries, Tourism, Industry, Housing, Small Business Development and Human Resource Development.