Trinidad and Tobago signs $150m COVID-19 loans with CAF

CAF, the Latin America development bank, has signed two loans totalling $150 million with the Trinidad and Tobago Government to aid in the country’s response to the COVID-19 pandemic. 

The first loan is for $100 million and will provide financial support to programmes implemented to contain the social, economic and financial emergencies generated by the global crisis.

The second loan, for $50 million, will contribute to the strengthening of Trinidad and Tobago's healthcare system capacity through direct financial resources and the recognition of expenses and investments. 

These two loans were preceded by a $400,000 donation that the multilateral organization made to the country on 3 April to boost efforts against the novel coronavirus.