Social Development

Inter-American Development Bank (Photo: Devex)

IDB lends support to Trinidad and Tobago’s vulnerable groups

Inter-American Development Bank (Photo: Devex)

Inter-American Development Bank (IDB) on Friday finalised a loan agreement with the Government of Trinidad and Tobago that will see it funding a social protection programme for people most affected by the Covid-19 crisis in south-eastern Caribbean country  

To this end, the loan programme, which carries a value of US$24.5million, will ensure basic quality of life standards for vulnerable persons are maintained in the immediate period and during the economic recovery of Trinidad and Tobago:

A residential area in Trinidad and Tobago’s capital city of Port of Spain.
(Photo: World Nomads courtesy iStock/jaysunlp)

There are two components to the loan programme:

  • The expansion or additional/emergency cash transfers to beneficiaries of three existing programmes delivered by the Ministry of Social Development and Family Services (MSDFS): Food Support Program; Senior Citizen Pension; and Disability Assistance Grant and
  • The temporary expansion of the Food Support Programme for households where a member of the household working in the informal sector experienced a loss in income due to the COVID-19 crisis.

“This project will benefit households and individuals belonging to the most vulnerable groups in the country, including over 25,000 existing beneficiary households of the Food Support Program in which women are expected to represent about 60 per cent of the beneficiaries; 20,500 households with school-age children who received the School Nutrition Program prior to the COVID-19 emergency; 2,000 low-income persons aged 65 and over; 500 adults 18-65 years of age who are permanently disabled from earning a livelihood; 39,233 households with persons who have suffered involuntary termination, suspension, or loss of income in the informal sector,” an IDB press release outlined.

Senator Allyson West, acting minister of planning and development, Trinidad and Tobago (File photo)

For the signing of the loan agreement, acting minister of planning and development, Senator Allyson West represented Trinidad and Tobago.