The Caribbean Development Bank (CDB) has approved loans of US$25 million to Antigua and Barbuda and US$7.5 million to Anguilla to counter COVID-19 fallout and support economic recovery.
CDB President Dr. Gene Leon said the loans will buttress socially responsible policies, particularly for the benefit of vulnerable people, while backing the reform process in the countries to achieve greater resilience.
Both countries are heavily affected by the COVID-19 pandemic, which caused a recession in Anguilla where the gross domestic product contracted by 27.4% in 2020.
In Antigua and Barbuda, GDP contracted by 16% last year, compared with 2019.
comments powered by Disqus
.jpg)
All feeds
