The Caribbean Development Bank (CDB) has dedicated US$66.7 million as loan for seven Caribbean territories and Antigua will be given US$13 million to aid with the economic fallout as a result of the global pandemic, COVID-19.
The Bank’s board of directors has also approved US$15 million for Belize, US$11.3 million for St Vincent and the Grenadines, US$10.8 million for St Lucia, US$8.2 million for Suriname, US$5.9 million for Grenada and US$2.5 million for Dominica.
The money will provide vital liquidity and allow the seven countries to promptly meet their urgent financing needs without diverting resources away from critical social expenditures or health emergency needs.
Caribbean countries are especially vulnerable to the global outbreak due to their heavy dependence on tourism for income and employment.
According to CDB estimates, many Caribbean nations, including those supported with the emergency loans, will fall into recession this year.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
Why? $13M is peanuts according to Gaston and we don’t want peanuts. Isn’t that what he said about the IMF funds given to St. Lucia, Grenada, etc? We want FREE money, not loans! Grants and debt relief. If we have to pay it back, we nuh want um!!!
Do you anything about the UPP getting $x from a certain company to help with covid-19 care packages? Word on the street is that the monies were received May 1. Check your sources and do tell if it’s a fake news rumour or subben go so fu chew.
There’s no such thing as “ free money “
Comments are closed.