{"id":249785,"date":"2020-05-20T09:36:22","date_gmt":"2020-05-20T13:36:22","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=249785"},"modified":"2021-03-14T16:49:41","modified_gmt":"2021-03-14T20:49:41","slug":"dominica-to-receive-loan-funding-from-cdb-to-counter-covid-crisis","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/dominica-to-receive-loan-funding-from-cdb-to-counter-covid-crisis\/","title":{"rendered":"Dominica to receive loan funding from CDB to counter COVID crisis"},"content":{"rendered":"

\"\"<\/p>\n

Dominica is to benefit from loan funding from the Caribbean Development Bank<\/a> as the country faces an economic downturn caused by COVID-19.<\/p>\n

The Bank\u2019s Board of Directors has approved a total of US$66.7 million of which Dominica will receive 2.5 Million US dollars or just over 6.7 million EC dollars.<\/p>\n

Dominica is among 7 regional countries to benefit from these emergency loans.<\/p>\n

The others are Belize (US$15 million), Grenada (US$5.9 million), Saint Lucia (US$10.8 million), St. Vincent and the Grenadines (US$11.3 million), and Suriname (US$8.2 million).<\/p>\n

The Bank says the emergency loans, being made available under its most concessional terms, will provide vital liquidity.<\/p>\n

It will also increase governments\u2019 fiscal space to allow these countries to promptly meet their urgent financing needs without diverting resources away from critical social expenditures or health emergency needs.<\/p>\n","protected":false},"excerpt":{"rendered":"Dominica is to benefit from loan funding from the Caribbean Development Bank as the country faces an economic downturn caused by COVID-19. The Bank\u2019s Board of Directors has approved a total of US$66.7 million of which Dominica will receive 2.5…","protected":false},"author":15,"featured_media":249786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[265,282,36,235,9],"tags":[],"class_list":["post-249785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-covid-19-news","category-economy-development","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"\nDominica to receive loan funding from CDB to counter COVID crisis - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/dominica-to-receive-loan-funding-from-cdb-to-counter-covid-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica to receive loan funding from CDB to counter COVID crisis - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Dominica is to benefit from loan funding from the Caribbean Development Bank as the country faces an economic downturn caused by COVID-19. 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