The Caribbean Development Bank, (CDB) has approved financing of US$5.3 million (mn) for St. Vincent and the Grenadines (SVG) to support the response to the La Soufriere volcanic eruption which ravaged parts of the country in April 2021.
CDB President, Dr. Gene Leon, who is in the country on an official visit, today announced that the Bank has approved an Immediate Response Loan of US$ 5 million as well as an Emergency Assistance Grant of US$300,000.
Speaking at a press conference which was held at the Office of the Prime Minister in Kingstown, St. Vincent, Dr. Leon said the Bank will also be accelerating the disbursement of funds for its development projects currently being implemented in the country.
