PROJECT SUMMARY
In October 2009, the Caribbean Development Bank approved a loan in the amount of USD20 million (mn) to Bank of St. Lucia Ltd (BOSL) to assist in providing finance to the productive sectors, including loans to small and medium-sized enterprises (SMEs) and student loans.

PROJECT OBJECTIVES
The main objectives of the project were to:

(a) increase the availability of medium and long-term credit for financing technically and economically viable Agricultural and Industrial Credit (AIC) projects, in the agriculture and fishing industry, service and tourism sectors; and

(b) strengthen St. Lucia’s human resource capacity, through the provision of Student Loan Scheme (SLS) funding for tertiary level training and skills upgrading at the technical, vocational and professional levels.