This document presents a synthesis of the main findings and lessons learned from evaluations completed in 2025 and published in early 2026, as well as from Project Completion Validation Reviews (PCVRs) conducted between 2023 and 2025. Together, these sources provide a consolidated view of the evidence emerging from the Caribbean Development Bank's recent evaluation portfolio.The evaluations and PCVRs offer important insights into what is working well, where challenges persist, and what lessons can be drawn to strengthen future programming. They provide evidence for the Bank, its Borrowing Member Countries (BMCs), and the Board of Directors to inform decision-making, enhance development effectiveness, and strengthen the design and implementation of future interventions.
Policy Based Loan - St. Kitts & Nevis (2016)
Private Sector Development
Project Completion Validation Report
Complete
Saint Kitts and Nevis
Summary
At the time of project appraisal, the level of public indebtedness in SKN was high by international standards and significantly above the prudential limit of 60% of GDP as suggested by the Monetary Council of the Eastern Caribbean Currency Union (ECCU). Similarly, debt servicing ranked highest among members of the ECCU and exceeded the GOSKN combined spending on health and education. The difficult debt situation posed a real threat to the success of the country’s fiscal adjustment programme in maintaining macroeconomic stability and growth prospects for St. Kitts and Nevis. The constraints on policy flexibility and the fiscal vulnerabilities stemmed from St. Kitts and Nevis’ susceptibility to external shocks and its high levels of public indebtedness.
