CAF lends USD 50 million to fight Covid-19 in Trinidad and Tobago

April 15, 2020

CAF approved a loan to mitigate the effects of Covid-19 in the country’s health systems.

CAF -Development Bank of Latin America- approved a USD 50 million loan to mitigate the Covid-19 health crisis in Trinidad and Tobago. This loan is added to the USD 400.000 donation that the financial institution made on April 3rd and will be complemented by further anti-cyclic support to mitigate the effects of the epidemic on economic activity.

The present loan aims to strengthen Trinidad and Tobago's capacity to respond to and prevent the crisis caused by COVID-19, through direct financial resources and the recognition of expenses and investments aimed at reducing risk or mitigating the impact of the pandemic in the health of the population.

"These emergency funds will back the Government of Trinidad and Tobago in its efforts to fight Covid-19 from different fronts, from improving health services to preserving the country´s economic resilience", said Luis Carranza, CEO of CAF.

To cope with the effects of the pandemic in Latin America, early in March 2020 CAF offered its member countries an emergency regional credit line of USD 50 million per country for health emergency investments, and in April 2020 approved a regional anti-cyclic facility of USD 2.500 million.

CAF's more recent content

Latin America and the Caribbean seek a regional brand
Latin America and the Caribbean seek a regional brand
CAF - development bank of Latin America and the Caribbean - aims to generate new opportunities for the countries of the region through greater international projection that attracts investment, cooperation and tourism, among others.
CAF doubles its Caribbean shareholder countries
CAF doubles its Caribbean shareholder countries
Continuing to deepen its engagement with CARICOM countries, CAF – Development Bank of Latin America and the Caribbean – convened a meeting with CARICOM Ministers of Finance during the WB-IMF Spring Meetings in Washington DC to advance the process for incorporating its three new Caribbean shareholder countries – Bahamas, Dominica and Grenada – into the financial institution.
CAF promotes the development of Jamaica with its first bond issue
CAF promotes the development of Jamaica with its first bond issue
The Executive President of CAF, Sergio Diaz-Granados, met with the Minister of Finance and Public Service, Nigel Clarke, as CAF continues to strengthen the partnership with its existing shareholder countries. During the meeting, he highlighted a recent bond issue in Jamaican dollars that is in line with CAF's mission to assist its shareholder countries in the development and deepening of their domestic capital markets and local currencies.
explore urban mobillity observatory
We use our own and third-party cookies to offer you a better quality of our services. If you continue browsing this website we consider it an acceptance of their use. If required, you can at any time delete the cookies stored on your computer through the settings of your Internet browser. More information about our cookies policy. cerrar