CDB agrees $67m loans to 7 countries amid COVID-19 crisis

The Caribbean Development Bank (CDB) has agreed emergency loans totalling $66.7 million to seven countries to finance the response to the COVID-19 pandemic. 

Antigua and Barbuda will receive $13 million, Belize $15 million, Dominica $2.5 million, Grenada $5.9 million, Saint Lucia $10.8 million, St. Vincent and the Grenadines $11.3 million, and Suriname $8.2 million.

The emergency loans, made under CDB’s most concessional terms, will provide vital liquidity and increase governments’ fiscal space to allow these countries to meet their urgent financing needs without diverting resources away from critical social expenditures or health emergency needs.