Dr Nigel Clarke lauds IDB for increased support to the region in the past year

Finance minister and outgoing chair of the Inter-American Development Bank (IDB) Dr. Nigel Clarke has hailed the regional body for the increased financial support it provided to small and vulnerable countries of the region, in the past year.

 

Speaking at the IDB’s annual meeting of the boards of governors yesterday (March 18), Dr. Clarke noted that in addition to the residual impacts of the COVID-19 pandemic, countries are now facing new global setbacks.

 

These include the effects of Russia’s war on the Ukraine, the associated increase in energy and food prices, in addition to inflation that has led to many countries tightening their monetary policies.

 

 

Dr. Clarke noted that support to small and vulnerable nations in the past year accounted for some $5.8 billion.

 

0 Comments

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.