Covid-19: 13 Countries to benefit from R36m package from Republic Bank

Covid-19: 13 Countries to benefit from R36m package from Republic Bank

- Republic Bank Financial Holdings has pledged $2 million, which is about R36 million, in support of the economies of the 13 countries in which it operates

- The fund is expected to be used to address key challenges that are being faced due to the outbreak of the coronavirus

- It would be used for the production of personal protection equipment (PPE), the supply of food and health needs, ventilators, testing kits and other items

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Republic Bank Financial Holdings has pledged to support some 13 countries with a $2 million (R36 million) package.

The beneficiaries of the package are all the countries in which the financial institution operates.

The beneficiary countries are Ghana, Trinidad and Tobago, Grenada, Guyana, Barbados, Suriname, Cayman Islands, St Lucia, St Vincent and the Grenadines, St Kitts and Nevis, St Maarten, Anguilla and Dominica.

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According to Republic Bank president and CEO Nigel Baptiste, the bank is aware of the full extent of the effect of the coronavirus on economies all over the world.

He went on to say that the management of the epidemic requires support from all stakeholders.

The R36 million package would be used to address key challenges in the fight against the coronavirus, a report by graphic.com.gh shows.

The fund would be used for the purchase of crucial needs such as ventilators, personal protective equipment, testing kits, food items and health supplies.

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Source: Briefly.co.za

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