Washington – The World Bank board of executive directors approved today a US$100 million COVID-19 Response and Recovery Development Policy Loan for Barbados. The operation will support the COVID-19 relief efforts and promote a resilient economic recovery from the crisis. “The COVID-19 pandemic has severely affected Barbados, which had been successfully implementing its economic reform programme,” said Tahseen Sayed, World Bank Country Director for the Caribbean. “There have been serious impacts on key sectors such …
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World Bank Approves US$100 Million for The Bahamas’ COVID-19 Response and Recovery
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WASHINGTON, May 25, 2021 – The World Bank Board of Executive Directors approved today a US$100 million COVID-19 Response and Recovery Development Policy Loan for The Bahamas. The operation will support the country’s efforts to provide COVID-19 relief and lay the foundation for a resilient economic recovery.
“The COVID-19 pandemic came on the heels of the devastation caused by Hurricane Dorian,” said Tahseen Sayed, World Bank Country Director for the Caribbean. “The Bahamas has suffered one of the most severe economic contractions in the Caribbean. This World Bank assistance will contribute to country efforts to reduce vulnerabilities of citizens most impacted by the crisis, and support policy and institutional measures for a resilient recovery.”