PM Gonsalves: EC $76 million put aside for disasters

By Demion McTair. Updated 3:22 a.m., Tuesday, July 14, 2020, Atlantic Standard Time (GMT-4).

Kingstown, St. Vincent (ONE NEWS SVG) – Prime Minister Dr. Ralph Gonsalves say that St. Vincent and the Grenadines (SVG), has money put aside in the event of disasters.

On the July 12 edition of WEFM’s Issue at Hand program, Dr. Gonsalves said “Just in case we have an upsurge of COVID and the thing getting even worse regionally and internationally, if we have to declare a public health emergency, or if we have a natural disaster from any of the storms or hurricanes ahead, I have about 76 million dollars put aside for that purpose”.

He said that fifty-four million dollars is at the World Bank under the catastrophic draw down deferred option, and twenty-two million in the contingency fund.

The Atlantic Hurricane Season (AHS), poses a threat to nations like St. Vincent and the Grenadines if storms affect the country. The COVID-19 pandemic has exacerbated the economic situation.

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