Over 38 million dollars from IMF to be used for income support

Prime Minister Roosevelt Skerrit says over 38 million dollars of IMF funds will be used for income support.

The IMF Executive Board announced on Tuesday that it had approved three requests from Dominica, Grenada, and St. Lucia for emergency financial assistance to help address the challenges posed by COVID-19.

The approval of the Board will make available EC 38 million dollars in emergency financing to help Dominica deal with the challenges posed by COVID-19.

Mr. Skerrit says the funds have been made available with no conditions.