The Government of St. Vincent and the Grenadines is receiving 20-million U.S-dollars from the World Bank, to support its response to the crisis posed by the explosive eruption of La Soufrière Volcano.
The World Bank Country Director for the Caribbean, Tasheen Sayed says their hearts are with the people of St. Vincent and the Grenadines during this period.
She says the Bank is committed to supporting the response efforts at this critical time, when the country faces this new disaster while already managing the social and economic effects of the Covid 19 pandemic
The funds are disbursed from a contingent credit line from the World Bank, known as the Catastrophe Deferred Drawdown Option (Cat-DDO), approved in June 2020.
The Cat-DDO instrument is designed to provide immediate liquidity to support a country’s efforts to recover from disasters, triggered by natural hazards or a public health emergency.
The rapid crisis funds will help provide lifesaving humanitarian supplies like shelter, sanitation kits and protective equipment.
You must be logged in to post a comment.