CDB Approves Country Strategy for St. Lucia
The Board of Directors of the Caribbean Development Bank (CDB) have approved a Country Strategy for St. Lucia. This document articulates the Bank's strategic focus and planned interventions in support of St. Lucia's development thrust over the period 2013-16. The amount of CDB financing over the period of the strategy is estimated at USD88.5 million. CDB's St. Lucia Country Strategy aims to assist the country in achieving the development outcomes needed to realise sustained growth and poverty reduction. The strategy proposes to support efforts to strengthen economic and social resilience by improving efficiency of social and economic infrastructure; enhancing sectoral competitiveness and supporting the small business sector; enhancing the capacity for strategic policy management to reduce vulnerability; and improving youth outcomes. It is informed by several factors, namely the country's level of development and economic structure; challenges confronting the economy; the Government of St. Lucia's development objectives; programmes of other donors; and CDB's past experiences and comparative advantage.