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:
There are two components to the loan programme:
“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.
For the signing of the loan agreement, acting minister of planning and development, Senator Allyson West represented Trinidad and Tobago.