BRIDGETOWN – The Board of Directors of the Caribbean Development Bank (CDB) has approved US $23.4 million in financing for a project which aims to strengthen Saint Lucia’s education system to better address the needs of diverse learners.
The Saint Lucia Education Quality Improvement Project (EQuIP) will support the enhancement of mechanisms and capacity for improved planning, leadership and delivery of education services; the rehabilitation, renovation and/or expansion of physical infrastructure at various education levels and institutional strengthening and capacity building.
Daniel Best, Director of Projects, CDB notes: “We are committed to working with the Government of Saint Lucia to invest in improving access to quality education for all. This Project responds to the island’s most pressing needs in the education sector, and builds on our four decades of successful partnership with the Government and people of Saint Lucia.”
EQuIP aligns with the Government of Saint Lucia’s Education Sector Development Plan (2015-2020), and will:
Loan financing for EQuIP is complemented by a grant of US $740 000 to the Government of Saint Lucia, which also includes an allocation from resources provided by the European Investment Bank (EIB) to CDB under the EIB Grant Facility for Climate Action Support. The Government of Saint Lucia will contribute US $4.9M to the project. (PR)
