Support to Micro, Small and Medium Enterprises Sector Post Coronavirus- Saint Lucia
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The attached Report appraises a proposal from the Government of Saint Lucia (GOSL) to support the post COVID-19 recovery and longer-term resilience efforts of Saint Lucia’s Micro, Small and Medium Enterprise (MSME) sector as a significant contributor to Gross Domestic Product. The proposal seeks to provide grant and loan financing to qualifying MSMEs in the proportion of 70% and 30% respectively, as well as technical assistance to enhance operational capacity. Through these mechanisms, it is anticipated that the MSME sector in Saint Lucia will be more resilient, better positioned for growth and sustainability, and in so doing provide an even greater contribution to Saint Lucia’s overall economic development