Sunday 7 June, 2020

CAF to donate $2.7 million to aid T&T's fight against COVID-19

The CAF-Development Bank of Latin America has pledged US$400,000 (TT$2,702,963.20) to Trinidad and Tobago to strengthen the country’s emergency response mechanisms and reinforce the safety of people working in the prevention, mitigation and care of patients affected by the novel coronavirus.

According to the financial institution, the money will be donated to the Ministry of Finance.

The CAF says it hopes this will aid in the containment and control measures undertaken by the Government.

"Trinidad and Tobago’s efforts to contain and mitigate the pandemic are heading in the right direction, and this donation is the first one of several actions we are undertaking to contribute to strengthen prevention, mitigation and medical care, in order to preserve public health in the country," said CEO of CAF Luis Carranza.

Following guidelines issued by the World Health Organization (WHO), CAF says it supports its member countries in dealing with this humanitarian emergency. Additionally, CAF reportedly made US$2.5 billion Emergency Credit available for countercyclical and rapid disbursement to countries most in need of urgent assistance.

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