CDB, Government Of Saint Lucia Agree To Closer Collaboration

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The Caribbean Development Bank (CDB) has promised closer collaboration with the Government of Saint Lucia to facilitate economic recovery and build resilience as the country navigates the COVID-19 pandemic and other development challenges, the bank has reported.

According to a bank release, the commitment followed the first official meeting between CDB President Dr Gene Leon and this country’s  newly elected Prime Minister Philip J. Pierre and members of his Cabinet.

The meeting took place Thursday at the Office of the Prime Minister in Castries.

According to a CDB statement, the discussions focused on deepening the longstanding partnership between the Bank and the Saint Lucia Government to achieve key development priorities.

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It noted that the dialogue covered opportunities for CDB to provide financial support, technical assistance, and policy advice to drive recovery efforts.

The consultations also included a review of CDB’s Saint Lucia project portfolio and exploration of the scope for accelerated implementation. CDB also agreed to revisit its country strategy for Saint Lucia in light of possible new policy priorities and evolving needs.

In spite of the conjuncture of events that Saint Lucia now faces, including COVID-19, the impact of climate change and the difficulties overcoming structural challenges, CDB is committed to providing holistic support for the economic recovery process, and I think there is ample room for us to be optimistic that, with discipline and consistent commitment, we can get past this trough,the visiting CDB President said.

The CDB release quoted Prime Minister Philip J. Pierre as saying that the bank has always been a good partner to Saint Lucia.

“And as a new Government and Cabinet we look forward to their partnership as we address priorities and seek to improve the general fiscal situation in our country, and we look forward to continued engagement,” Pierre stated.

 

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Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

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