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GIS – The Government of Saint Lucia received authorization, Tuesday, to borrow approximately US$68 million from the International Development Association (IDA), for post-Hurricane Tomas recovery efforts.
A major component of the project is risk reduction and adaptation measures which will be used to improve various infrastructural projects.
Prime Minister and Minister for Finance, Dr. Kenny D. Anthony identified the critical projects to be undertaken.
“This [grant] will support structural and non-structural flood and landslide and climate risk reduction measures that will improve Saint Lucia’s resilience against current and future climactic shocks,” he said. “It would also mean [that we will] continue the work done by both governments to build retaining walls in the length and breadth of the country but critically and crucially to deal with the areas where we have suffered major damage.”
Dr. Anthony added that emphasis will be placed on repairing badly damaged bridges in the south of the island.
The other components of the IDA-financed project are a Climate Adaptation Financing Facility, a Contingency Emergency and Response Mechanism, and institutional strengthening.