Saint Lucia to borrow $20 million for St. Jude Hospital restoration

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Saint Lucia to borrow $20 million for St. Jude Hospital restoration
St. Jude Hospital.
St. Jude Hospital.

GIS – Prime Minister and Minister for Finance, Hon. Dr. Kenny D. Anthony, on Tuesday received parliamentary authorization to borrow US$20 million from the Export- Import Bank of the Republic of China (Taiwan).

The funds will be used to undertake works for the restoration of medical services at the Saint Jude Hospital.

Dr. Anthony said that the events which gave rise to this motion were the fire of 2009 which gutted Saint Jude Hospital and the official state visit to Taiwan during which the request for assistance was made.

The loan will partially complete the hospital reconstruction.

“The US$20 million will largely see us through but it is not going to be sufficient,” Dr. Anthony said. “There is still going to be a requirement for about US$5 million, which we are now exploring with the Government of Mexico who has agreed to make that sum available largely by allowing us to purchase the imported equipment which the hospital requires.”

The Prime Minister also addressed the mistaken perception that Saint Jude Hospital is only for the people of the South.

“Quite a number of persons from the north routinely travel to the south for medical attention. I am hoping that when the new hospital is established, both hospitals will co-exist competitively, so that if there are services that the people of Saint Lucia feel St. Jude Hospital is far better able to provide at a lower cost, then they can make use of the facility in the south.”

The loan must be repaid within twenty years following a grace period of three years. Interest will be paid in the amount of US$206,000 during the grace period.

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18 COMMENTS

  1. Boy i tell yuh...
    Lucians are just plain stupid and lack comprehension on basic stuff.

    Just pure LOW "IQ"

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    • I agree. They believe and repeat like dumb parrots every bit of crap that comes from their favourite politicians' mouths without any question. It is an island brimful of idiots. Even jungle monkeys are smarter than this.

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  2. Why Have you told the nation about firing Cyril Donelly Construction. Which a lump sum have to be paid. Then give a party hack the contract plus plenty money mobilization. Stop playing Monopoly its real money.

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  3. We have so many dumb people masquerading as citizens that it is rather amazing that so few people have even bothered to go past the usual ro-ro to question the repayment arrangements of this loan. Saint Lucians are so sickening! Jackasses on two legs galore!

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  4. Now you see why we need a forensic financial watchdog independent but commisioned by parliment and most importantly set into law that that no one government cannot or prime minister make changes to it without it going through law process.I mean come on since 2009 and still not completed.

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  5. Not much of a grace period is involved here. An informed writer, or THOSE INTERESTED IN KEEPING THE NOTION OF TRANSPARENCY would surely have made a very conscious effort NOT TO OMIT THE COST OF MONEY (the rate of interest) in the RETIREMENT of this new loan.

    Again, we are borrowing and increasing our debt burden.

    Moreover, it will not be lost on savvy readers that this repair or restoration does not at all amount to "development" per s. At best, it is but a PARTIAL return to the status quo, BEFORE THE DISASTER OF THE FIRE. Some of us are not fools and some cannot be fooled.

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  6. I want to know know where the VAT money going. Seems the economy was doin much better without it. And what happen to all the money that was donated to the government just for that hospital.

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  7. Where is the money that the people of Saint Lucia and corporate Saint Lucia donated to this project? Can we get a clear accounting, please? How much money was received, and from whom, how much has been spent and on what, and a comparison to the budget.

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  8. Kenny you promised the people of the south that St.Jude would be ready in 6 months when you got into office.You told the people of St.Lucia that UWP could not account for the monies donated which was nowhere close to even able to clear the site.

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  9. I still don't get it...Why is the Government still borrowing money after they have approved the budget? Didn't they know that they would need more money for St.Judes in April? Didn't they know that they would need $750,000USD to do the Post Christmas Eve Trough cleanup? Bitter Days under Kenny Anthony and the Labour Party!

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  10. after all this time and money spent on this hospital the hospital is nowhere close to completion. Taxpayers money is being wasted again and civil servants as well as the ordinary people are paying for this wastage

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  11. another ploy to mamaguy the people of saint lucia. smh. its time the employer(People of Saint lucia) fire those guys..but then again who we putting there.

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    • wONDERING the same here we received so much miney in donations yet still we do not have a ull finished structure. i can understand money for equipment. Where all the money gone? THATS A JOB FOR THE DIRECTOR OF AUDIT

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    • Agreed. The total of every amount which was collected, along with the list of material/items purchased for the rebuilding of the hospital should be made available to the public.

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