Canada pledges C$81.8M as replenishment for CDB’s development fund

Canada has pledged C$81.41M for the replenishment of the Caribbean Development Bank’s Special Development Fund and committed a further C$9M to the World Food Programme to support logistics and tackle food insecurity within the Caribbean.

The Canadian High Commission in Guyana in a release noted that Canada made this disclosure when Marc Garneau, Ottawa’s Minister of Foreign Affairs met with Eamon Courtenay, Belize’s Minister of Foreign Affairs and the incoming Chair of the Council for Foreign and Community Relations of the Caribbean Community (CARICOM).

The release said that Garneau affirmed Canada’s strong support for the COVAX facility, and Ottawa’s commitment to continue encouraging others to provide additional support needed by this key multilateral partnership to ensure equitable access to vaccines globally.

Guyana’s Foreign Minister Hugh Todd addressed the meeting on the issue of Economic Recovery and Inclusive Growth.

According to the Ministry of Foreign Affairs, he underlined the financing gap faced by the Caribbean and stated that CARICOM Member States have experienced increased pressure on public health systems and social structures, thus driving up public debt and triggering a decline in productive activities.

SOURCE STABROEK NEWS