St. Vincent PM welcomes soft loan from ALBA
May 29, 2013
KINGSTOWN, St. Vincent, CMC – Prime Minister Dr. Ralph Gonsalves says the Bolivarian Alliance for Our Americas (ALBA) Bank is making available a US$40 million loan to St. Vincent and the Grenadines.
Gonsalves told legislators that a delegation from the bank had been here and that the money would be used for the completion of the international airport at Agyle.
Gonsalves later told the Caribbean Media Corporation (CMC) that the loan would be for 22 years with a two year grace period.
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