St. Vincent & The Grenadines


Financing: Banks and credit unions to offer up to 6-month moratorium on loan and mortgage payments; there will be the pprovision of supplementary income to displaced hotel and other affected workers for up to three months in the first instance; A USD15 million job-creating stimulus package is proposed; a one off support payment will be made to taxi, water taxi and tour operators affected by the cancellation of cruise ships; USD1.5 million for small businesses and cultural workers; USD6 million direct support to farmers and individuals engaged in the fishing sector.


Value Added Tax: There is to be No VAT on electricity for domestic, hotel or guest house customers from March 30 – June 30.


Social Security: The National Insurance Service will provide a two-month pre-payment of pension benefits to pensioners and USD463,000 in temporary unemployment relief to displaced active registrants; assistance benefits are to be provided for vulnerable citizens including home help for the elderly.