CAF lends USD 50 million to fight Covid-19 in Trinidad and Tobago
CAF approved a loan to mitigate the effects of Covid-19 in the country’s health systems.
CAF -Development Bank of Latin America- approved a USD 50 million loan to mitigate the Covid-19 health crisis in Trinidad and Tobago. This loan is added to the USD 400.000 donation that the financial institution made on April 3rd and will be complemented by further anti-cyclic support to mitigate the effects of the epidemic on economic activity.
The present loan aims to strengthen Trinidad and Tobago's capacity to respond to and prevent the crisis caused by COVID-19, through direct financial resources and the recognition of expenses and investments aimed at reducing risk or mitigating the impact of the pandemic in the health of the population.
"These emergency funds will back the Government of Trinidad and Tobago in its efforts to fight Covid-19 from different fronts, from improving health services to preserving the country´s economic resilience", said Luis Carranza, CEO of CAF.
To cope with the effects of the pandemic in Latin America, early in March 2020 CAF offered its member countries an emergency regional credit line of USD 50 million per country for health emergency investments, and in April 2020 approved a regional anti-cyclic facility of USD 2.500 million.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.