CDB, IDB sign US$50 million loan for COVID-19 response in the OECS
The COVID-19 pandemic has highlighted the specialised role that multilateral development banks, like CDB and IDB, play in coordinating development assistance and planning systematic recovery. We reaffirm our commitment to continued collaboration and partnership, to provide our Borrowing Member Countries (BMCs) with essential financing, technical support, and policy advice to protect the Region’s most vulnerable people and build resilience against shocks like COVID-19.”

General Manager of the IDB Caribbean Country Department, Therese Turner-Jones noted, “Since 1977, the IDB has had a long-term collaborative relationship with the CDB. In this way, we are able to extend our mission of improving lives in Latin America and the Caribbean to those countries that are not IDB borrowing members but are certainly valued members of an important Caribbean sub-region. The high level of interconnectedness and interdependency between the vulnerable economies of our region has been underscored during this pandemic. Our continued support will help bolster the OECS response to the COVID-19 crisis and pave the way to recovery and greater resilience in the region.”