National Insurance Board
Grenada
Americas

Implementation of unemployment benefit

Implementation year
2020

In the wake of the COVID-19 pandemic and the potential increase in unemployment that will be brought about by the almost certain recession that will follow, the Government of Grenada (GOG) announced a series of stimulus measures including the introduction of an Unemployment Assistance Benefit (UAB) programme to be administered by the National Insurance Board (NIB) in the amount of 10 million East Caribbean dollars (XCD). The UAB administered by the NIB will cater to insured employees and self -employed persons who are affected. The process must also factor in the social distancing protocols.

Topic:
Family benefits
Actuarial
Communication