Britain is providing £4.5 million (KY$4.9m) to the Barbados-based Caribbean Development Bank (CDB) Special Development Fund to support countries in the region with their coronavirus COVID-19 recovery.
The Special Development Fund is CDB’s largest pool of concessionary funds which are used to address poverty and human development challenges throughout the Caribbean and the United Kingdom is already the largest bilateral donor to the region and the second-largest contributor to the Fund.
A statement from the British High Commission said that the new funds follow CDB having recently successfully met agreed-upon performance targets.
The UK Minister for the Caribbean, Baroness Elizabeth Sugg, said London is proud to support “our Caribbean friends and partners in these challenging times and, in particular, of the excellent work being delivered through the CDB’s concessional Special Development Fund, which targets those most in need”.
As part of its wider response to Covid-19 in the region, the UK is also supporting a range of other partners such as the Caribbean Disaster Emergency Management Agency (CDEMA) with Covid-19 modelling and surveillance.
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