Line of Credit, SLDB
October 13, 2011 No. 34/11-BD CDB LINE OF CREDIT FOR SAINT LUCIA DEVELOPMENT BANK The Saint Lucia Development Bank is to receive a loan equivalent to USD5 million from the Caribbean Development Bank (CDB). The funds will be used to assist the Saint Lucia Development Bank to continue its lending programme for enterprises in the productive sector including micro and small enterprises (MSEs), as well as for mortgages to lower income households, and for student loans. The loan is expected to contribute to increased investments in agricultural diversification and the services sector; continued development of MSEs and of an entrepreneurial class; increased in the quality of housing of low and lower-middle income individuals; and an increased number of trained persons at the technical, vocational and professional levels. The Government of St. Lucia is the guarantor for the loan.