President of the Inter-American Bank (IDB), Luis Alberto Moreno has offered support to The Bahamas after the recent passage of Hurricane Irma. The IDB has pledged emergency grant funds of up to $200,000 to assist with food, water, shelter and basic human needs, as well as an economic impact assessment grant of $100,000.
“On behalf of the Inter-American Development Bank Group (IDB), I would like to express our institution’s thoughts and prayers for the Bahamian people and the Government, in the wake of Hurricane Irma,” said Moreno in a statement on Monday.
Moreno recognized the outstanding leadership of Prime Minister Minnis and relevant government entities in preparing for and managing the passage of the storm throughout the archipelago. He noted the significant damage to communities and infrastructure in Ragged Island, Acklins, Grand Bahama, Bimini and Great Inagua.
“As a development partner, we want to reiterate the IDB’s long term commitment to The Bahamas, and offer our collaboration to facilitate relief, assessment and reconstruction efforts in the aftermath of Hurricane Irma,” he said.
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source oflong-term financing for economic, social and institutional development in Latin America and the Caribbean.The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
- Christopher Barton