CDBâs COVID-19 response exceeds US $190 million in 2020
Bank President, Dr. Wm. Warren Smith.
ST. MICHAEL, Barbados — The Caribbean Development Bank (CDB) provided more than $140.2 million in financing in 2020 and secured an additional $50 million for 2021 to support its Borrowing Member Countries (BMCs) in mitigating the macroeconomic fallout and adverse social effects of the COVID-19 pandemic.
The onset of COVID in the first quarter of the year triggered a steep fall in BMC government revenues, which along with an increased demand for healthcare and social support, put social services and health systems under pressure, exacerbated inequalities in education and increased the vulnerability of at-risk groups.