The secondary effects of the COVID-19 pandemic, has been a great concern for many persons in Trinidad and Tobago.
During today’s post cabinet media briefing, Minister of Social Development and Family Services, Camille Robinson Regis briefed citizens on the implementation of various essentials that will assist those affected due to the temporary reduction in income or unemployment due to social containment efforts across the country.
At the briefing, The Honourable PM Dr. Keith Rowley stated that the HDC and TTMF will be asked to defer mortgage and rental payments for the period April into May from homeowners/ renters. (The PM stressed that this doesn’t mean you don’t pay, simply means payments are differed to you at a later date.)
- Credit card interest rates reduced from 24/25% to 14/15% – rates may vary from bank to bank.
- Ministry of Health announced 24,600 N95 masks delivered too Trinidad and Tobago today.
- Health workers would be rotated to further assist in the pandemic.
- The Repo rate will be decreased by CBTT – which basically means more money would be available in the system for access by local businesses.
- Food card limited will increase, allowing recipients to receive additional funds for a period of three months in conjunction with the size of their households.