(PRESS RELEASE) – The BNTF Programme, CDB’s flagship programme for poverty reduction, has contributed significantly to national development in St. Lucia since it commenced operations on the island in 1979.
In-keeping with the theme ‘Partnering Against Poverty’ the implementing agency for the BNTF programme, the Saint Lucia, Social Development Fund (SSDF) held an opening ceremony on Wednesday October 4th, 2017 at the Golden Palm Resort Rodney Bay to Launch the BNTF 9 Programme.
Saint Lucia received an initial grant allocation of US$2.97million dollars.
George Yearwood is the Caribbean Development Bank Portfolio Manager (Ag): “After extensive discussions CDB has negotiated for the Special Development Fund (SDF) to secure grant resources for a more nimble BNTF 9 programme, with a yet more ambitious agenda for tackling poverty in the region. Countries in the region stand to benefit from a grant allocation of US$40.8 million dollars, of which Saint Lucia receives US$2.97million Dollars. And a portion of an unallocated amount of US$5.2 million dollars to be distributed at midterm based on project performance.”
Minister for Equity, Social Justice, Empowerment, Youth Development, Sports, Culture and local Government Hon. Leonard Montoute expressed his gratitude to the Caribbean Development Bank for their continued support: “I am not aware of any donor funded programme that has spawn so many cycles of almost 4 decades of BNTF. The support that we have received here in Saint Lucia is very rare and so I would like to thank the Caribbean Development Bank (CDB) for their continued support and commitment in assisting our poor and vulnerable. I have no doubt that this will be reflected in this new Cycle.”
The Basic Needs Trust Fund (BNTF) Programme has been contributing to poverty reduction in Saint Lucia by providing infrastructure and livelihood enhancement services.