The government’s debt management strategy is focused on maintaining sustainable debt levels. This involves meeting debt obligations while fostering economic growth, guided by performance indicators that align with prudential benchmarks.
Saint Lucia's public debt management aims to finance government needs at minimal cost while maintaining a prudent level of risk. To achieve this, the Ministry of Finance, Economic Development, and Youth Economy, together with the Debt and Investment Unit of the Department of Finance, implements a strategic debt management approach. The Annual Debt Portfolio Review (DPR) for 2024 assesses the government's debt stock, flows, and associated risks over the year. It compares trends over the past five years (2020–2024) and examines key components of the debt portfolio.
In Saint Lucia, the Department of Economic Development and Youth Economy (DED), within the Ministry of Finance, Economic Development and Youth Economy (MoFED) will be the lead agency for the implementation of the Project. A Project Implementation Unit (PIU) for the Saint Lucia portion of the Project is established in the DED in the MoFED under the Central Statistical Office (CSO), which is a Division within the DED in the MoFED. The Project Implementation Unit (PIU) is currently managing a backlog of procurement and financial documentation from the Population and Housing Census (PHC) and Enterprise Census (EC). In preparation for upcoming audits and to maintain compliance with the World Bank’s STEP requirements, additional short-term administrative support is required.
This assignment will be implemented over a period of three (3) months, from May to July 2025.
Strengthening Prevention, Preparedness and Response to Emerging Health Threats in The OECS Region Project (P509060)
ENVIRONMENTAL AND SOCIAL
COMMITMENT PLAN (ESCP)
Appraisal Version
April 11, 2025
This social assessment (SA) has been undertaken as part of the OECS Data for Decision Making Project
(P174986). The SA aims to assess and identify any gaps within the statistical systems in the project’s
participating countries’ (Grenada, Saint Lucia and Saint Vincent and Grenadines) National Statistics
Organizations (NSOs) and the OECS’ Statistical Services Unit (SSU). The findings from the assessment will
be used to inform project design. The information presented in the SA will be used to ensure that the
project is able to reduce or eliminate, as much as possible, the existing patterns of social exclusion
associated with data collection in the participating countries and the OECS. Furthermore, the findings of
the SA will be used in monitoring and evaluation to ensure that the project is achieving its intended
outcome.