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May 14, 2020

No Monies from IFIs As Yet

Dean Barrow

Back in March, the Prime Minister announced that he had secured financial aid from international financial institutions for government’s COVID-19 response. He said that it would come from international institutions such as the Inter-American Development Bank, World Bank, and the Central American Bank for Economic Integration. The funds would total roughly a hundred and forty million dollars. So where is the money? PM Dean Barrow says it’s still not here.

 

Prime Minister Dean Barrow

“What we are hoping to get from the IFIs now those are holding funds. Those are funds to help us with the food assistance program, with the unemployment relief program, with a help for the farmers in agriculture. Those have nothing to do with the kind of structural changes tht will be necessary for the economy and the fiscal position and the public finances to recovery. We will need help for that recovery. In very single case we were given a timeline. The nearest, the closest disbursement date is from the IDB and that is for the six point two million US dollars that suppose to come for assistance for the healthy sector and we have been given the date of twenty-eight, May as the date on which the IDB board is expected to sign off finally and disbursement can begin.” 


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