Consider the following statements about the Barbados Implementation Modalities (BIM) of the FRLD:
1. They were adopted by the Board for the start-up phase.
2. They set aside USD 250 million to be spent until the end of 2026.
3. Grants are USD 5 million to USD 20 million per project proposal.
4. Small island developing states and least developed countries get at least 50 percent of resources in this phase.
How many of the statements given above are correct?
Share your thoughts