St. Vincent and the Grenadines' Minister of Finance Camillo Gonsalves has warned that the COVID-19 pandemic will result in major economic fallout for the country.
Mr. Gonsalves told Parliament that the COVID-19 pandemic is much more than a grave threat to the health of Vincentians.
The minister said St. Vincent and the Grenadines is facing a collapsing tourism sector and global recession.
Parliament on Tuesday night approved the National Recovery and Stimulus Plan, which the minister said exceeds EC$85 million, approaching four per cent of gross domestic product.
Even as Parliament was still debating the package, the country recorded its eighth confirmed case of COVID-19.
More than 400 people are in quarantine.