Project Name
Education Quality Improvement Project
Country
Type

Overview

The Government of Saint Lucia has received financing from the Caribbean Development Bank (CDB) equivalent to US$16,192,000 towards the cost of implementing the EQuIP project which falls within the portfolio of the Department of Education, Innovation and Gender Relations. A portion of the proceeds of this financing will be applied to eligible payments under contracts procured under this Project. Payments by CDB will be made only at the request of the Government of Saint Lucia, and upon approval by the CDB, and will be subject in all respects to the terms and conditions of the Financing Agreement. The Financing Agreement prohibits withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations. No party other than the Government of Saint Lucia shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.