{"id":125674,"date":"2021-03-18T18:10:41","date_gmt":"2021-03-18T22:10:41","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=125674"},"modified":"2021-03-18T18:10:41","modified_gmt":"2021-03-18T22:10:41","slug":"world-bank-approves-us25-million-credit-for-dominicas-covid-19-response-and-recovery","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/world-bank-approves-us25-million-credit-for-dominicas-covid-19-response-and-recovery\/","title":{"rendered":"World Bank Approves US$25 Million Credit for Dominica\u2019s COVID-19 Response and Recovery"},"content":{"rendered":"
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The World Bank Board of Executive Directors approved today the US$25 million First COVID-19 Response and Recovery Development Policy Credit<\/span>.<\/strong>
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This is Dominica\u2019s first World Bank budget support operation, and it is the first in a series of two quick-disbursing credits. <\/span><\/p>\n

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The operation aims to support Dominica\u2019s COVID-19 response to save lives, livelihoods, and jobs, while laying the foundation for longer-term economic recovery. <\/span><\/p>

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It is aligned with the country\u2019s National Resilience Development Strategy and COVID-19 response strategy. <\/span><\/p>

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\u201cThe pandemic has once again highlighted the importance of increasing our country\u2019s resilience. The Government of Dominica is focused on first saving lives, protecting livelihoods, and preserving jobs, and next on strengthening fiscal policies, public financial management and debt transparency for a strong and resilient recovery,\u201d <\/span><\/em>said <\/span>Roosevelt Skerrit, Prime Minister of Dominica. <\/strong>\u201cThe government is fully committed to the reforms under this operation, which is timely and will help Dominica to build back better in a sustainable way.\u201d<\/em>\u00a0<\/em><\/p>\n

\u00a0<\/em><\/p>\n

\u201cThe COVID-19 pandemic struck at a time when Dominica\u2019s economy was still recovering from past natural disasters,\u201d <\/span><\/em>said <\/span>Tahseen Sayed, World Bank Country Director for the Caribbean.<\/strong> \u201cThe World Bank was proud to be the first among Dominica\u2019s partners to assist in the island\u2019s recovery after the devastating 2017 hurricane. Today, we are pleased to provide the first-ever World Bank development policy financing to support the country\u2019s efforts to recover from the extraordinary socio-economic impacts of the COVID-19 pandemic.\u201d <\/em>\u00a0<\/em><\/p>

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\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

The World Bank Board of Executive Directors approved today the US$25 million First COVID-19 Response and Recovery Development Policy Credit.   This is Dominica\u2019s first World Bank budget support operation, and it is the first in a series of two quick-disbursing credits.   The operation aims to support Dominica\u2019s COVID-19 response to save lives, livelihoods, […]<\/p>\n","protected":false},"author":3,"featured_media":119230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-125674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nWorld Bank Approves US$25 Million Credit for Dominica\u2019s COVID-19 Response and Recovery - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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