St. Vincent and the Grenadines – Student Loan Scheme (7th Loan) (2020)

In October 2008, the Caribbean Development Bank (CDB) approved a loan in the amount of USD10 mn to the National Commercial Bank (SVG) Ltd., (subsequently renamed BOSVG) to assist the Government of St. Vincent and the Grenadines (GOSVG) in improving its human resource capacity by providing loans to students under the Student Loan Scheme (SLS) of CDB.

The main objective of the project was to assist BOSVG in funding, and GOSVG in developing, its human resource capacity through provision of student loans for upgrading skills at the vocational, technical, and professional levels.