This evaluation examines the Caribbean Development Bank’s (CDB) Country Engagement Strategy (CES) for Saint Lucia for the period 2020–23, including activities designed and implemented until December 2024. The evaluation uses a mixed-methods approach, combining document reviews, portfolio analysis, and stakeholder interviews, to inform the next CES. The evaluation process supported participation, reflection, and co-creation. During the inception phase, feedback was collected from CDB staff and Government of Saint Lucia (GOSL) counterparts to refine the focus and ensure evaluation questions would generate insights aligned with both CDB’s strategic needs and GOSL priorities. A Theory of Change workshop was conducted with CDB and GOSL stakeholders to reconstruct the underlying logic of the CES and identify key assumptions and change pathways. This collaboration provided a shared foundation for assessing progress and strategic alignment. Validation of emerging findings was carried out via an online workshop. A hybrid co-creation workshop was held with Saint Lucia-based stakeholders and CDB staff to collaboratively develop recommendations and ensure proposed actions are useful, specific, and actionable, with the aim of increasing the success of the next CES.
Financial Sector Stabilisation Loan - St. Vincent & the Grenadines (2016)
Financial Services
Project Completion Validation Report
Complete
Saint Vincent and the Grenadines
Summary
In February 2010, GOSVG requested assistance from CDB for a loan in the amount of USD30-40 million (mn) to help stabilise the financial sector through the divestment of the publicly-owned commercial bank, National Commercial Bank (NCB). The St. Vincent and the Grenadines’ (SVG) financial sector is dominated by commercial banks which represent just under 70% of total financial sector assets (excluding National Insurance Scheme (NIS) assets). NCB, which is the target of this intervention, accounts for about 27% of financial sector assets and 40% of commercial bank assets.
