Over 7,000 in the Commonwealth of Dominica will benefit from a World Bank loan, worth US$5.2 million, geared toward strengthening the Eastern Caribbean island’s response to coronavirus-related economic challenges.
According to a release from the World Bank, the Government of Dominica will be distributing the funds under the Livelihood Support and Social Protection Programme with the aim of providing income support to people who meet a set of criteria.
“The COVID-19 pandemic is causing economic and social challenges for Dominica, particularly due to necessary mitigation measures and the decline in the tourism industry. The World Bank will support the government’s social assistance measures to provide relief for Dominicans and contribute to economic recovery,” said Tahseen Sayed, World Bank Country Director for the Caribbean.
With the World Bank loan, the Dominica Government will provide grants to those who have lost income because of the pandemic, whether they lost jobs or have had their pay reduced. In addition, the programme will target affected self-employed business owners
The funding will also support the poor and elderly as well, especially citizens over 70 years of age who do not already have a pension.
The livelihood and income support grants will be provided monthly to eligible beneficiaries for a maximum of three months. The eligibility criteria and application process are published by the Government of Dominica.
Dominica accessed the funds under the Contingency Emergency Response Component (CERC), which allow funds to be reallocated from existing projects to address emergency response needs. The World Bank redistributed the funds from the Housing Recovery Project.