The Government of Saint Lucia on Friday signed on for the 2nd cycle from the CARICOM Development Fund (CDF). Since its establishment, Saint Lucia has benefited from the CDF. For the first funding cycle, the Saint Lucia CAP (Country Assistance Programme) was valued at approximately USD $6.1 million or XCD $16.47 million in loans and grants and was designed to enhance private sector competitiveness and youth entrepreneurship.
During this second funding cycle, the CDF Board has approved two (2) projects to support initiatives that are geared to expanding Saint Lucia’s exports, which include strengthening the institutional infrastructure for trade and implementing new programmes for trade competitiveness and village tourism development.
The Village Tourism Grant in the sum of USD $120,000 (XCD $324,000) to finance technical assistance for coordination of the development of village tourism including the provision of technical advice on the establishment of the institutional framework, and for preparation of a road map and business plan for village tourism. Co-financing for the development and support to implement the revised National Export Development Strategy for Saint Lucia in the amount of USD$332,800. (Office of the Prime Minister of Saint Lucia)