March 14, 2025 On February 7, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation[1] with St. Lucia and considered and endorsed the…
Category: SAINT LUCIA
St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia
March 14, 2025 Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity…
Caribbean Development Bank Pumps USD 17 Million into Bold Overhaul of Saint Lucia’s Education System
March 7, 2025 In a landmark effort to improve educational outcomes in Saint Lucia, the Caribbean Development Bank (CDB) has approved a USD 17 million loan to support the Government’s…
St. Lucia: Staff Concluding Statement of the 2024 Article IV Mission
December 6, 2024 Recent Developments and Outlook Growth is expected to pick up to 3.7 percent in 2024 on tourism expansion and revived construction activity and then moderate to 1.5 percent…
CDB, OECS, World Bank Working to Increase Procurement Opportunities for Caribbean Businesses
September 10, 2024 The Caribbean Development Bank (CDB, the Bank) in partnership with the Organisation of Eastern Caribbean States Commission (OECS) and the World Bank hosted a two-day event for…
Saint Lucians to Benefit from CDB-Funded Water Supply and Wastewater Improvement Project
March 19, 2024 The population served by Saint Lucia’s Water and Sewerage Company Inc (WASCO) is to benefit from a USD749,619 Caribbean Development Bank (CDB) investment aimed at improving the…
IMF Executive Board Concludes 2023 Article IV Consultation with St. Lucia
March 12, 2024 On August 25, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV consultation[1] with St. Lucia and considered and endorsed the…
St. Lucia: 2023 Article IV Consultation-Press Release; and Staff Report
March 12, 2024 The economy has rebounded strongly after the Covid-19 pandemic and the commodity import price shock due to Russia’s war in Ukraine; output is currently near the pre-pandemic…
CDB and GOSLU sign USD 7.6 million Agreement for Funding Youth Enterprise Programmes in Saint Lucia
October 17, 2023 The Caribbean Development Bank (CDB) and the Government of Saint Lucia (GOSLU) yesterday signed a USD7.6 million agreement to finance the Saint Lucia Youth Economy Project through…
CDB Supporting Increasing Export Capacity of Saint Lucia MSMEs
July 18, 2023 Two hundred Saint Lucian entrepreneurs, with support from the Caribbean Development Bank (CDB), will receive training to ensure they can more easily access export markets by complying…
This Island Empress is fighting her way to the top of the fashion world!
By: Staff Writer February 3, 2023 How does a young woman born in St Lucia find her way to Paris by way of London? She made the most of her…
Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry
January 6, 2022 Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing…