St. Lucia has been granted over $15 million to boost efforts at eradicating poverty, however accountability to the donor agency has been insisted upon.
The Basic Needs Trust Fund (BNTF) is designed to continue the reduction of poverty and vulnerability through enhanced access to basic and economic infrastructure and human resource services, consistent with the Poverty Reduction Action Plan and the Country’s Poverty Reduction Strategy.
The grant, under Cycle 7 of the programme, will fund up to 95 percent of the total cost of each approved project at a maximum of $1.6 million EC. The Caribbean Development Bank is insisting on careful implementation and use of the grant funds.
The stakeholders have drafted a country portfolio mapping out the needs of communities.
Sub projects proposed under BNTF 7 will include the construction or rehabilitation of small buildings, minor roads, footpaths and water supply systems. The Social Development Fund, the implementing agency, will be working closely with other organizations and agencies in meeting the demands.
The BNTF 7 will run from the period 2013 – 2017 with total funding amounting to EC$15.5 million.