A planned upgrade of the Saint Lucia Health Systems made possible through a US$9.86 million loan from the Caribbean Development Bank (CDB), financed by the European Investment Bank (EIB), will begin shortly following a launch in Saint Lucia today.
Nearly US$2 million will be utilised for purchasing critical medical equipment such as ventilators, x-ray machines, ultrasound devices, and dental, neonatal, and eye care equipment. The benefiting health facilities include La Ressource Wellness Centre, Castries Urban Centre, Dennery Hospital, Soufriere Hospital, Comfort Bay Home for Older Persons, St. Jude Hospital, Vieux-Fort Wellness Centre and Gros Islet Polyclinic.
Another US$3 million will be allocated for improvements at five healthcare facilities. Two facilities damaged by fire in recent years, the La Ressource Wellness Centre and the Soufriere Hospital, will be refurbished and rehabilitated while the Comfort Bay Home for Older Persons will be retrofitted and expanded. The Castries Urban Centre will be relocated and expanded, and a new annex will be added to the Dennery Hospital.
The financing will also facilitate capacity building for healthcare workers in key areas including the Biomedical Equipment Technician Certification, rehabilitation and counselling, and risk communication. The remaining funds will support training for nurses in a range of specialties including intensive care, nephrology, neonatology, emergency care, geriatric care, oncology, and nursing administration, procuring supplies and pharmaceuticals as well as providing a range of training and capacity-building solutions for health care workers.
CDB’s Director of Project, Mrs Therese Turner-Jones said the investment would help to strategically position Saint Lucia to better respond to health crises. “These resources will strengthen the resilience of Saint Lucia and allow citizens and health institutions to better withstand unexpected challenges now and in the future,” Mrs Turner-Jones said.
The project financing was provided under the EIB Climate Action Line of Credit II – COVID-19 component. In total, three countries will benefit from the US$29.8 million agreement under which the EIB aims to bolster the region’s health systems in the wake of the COVID-19 pandemic with concessional financing thanks to backing from the European Union (EU). Investing to strengthen healthcare around the world is one of the pillars of the EU’s Global Gateway strategy, in which the EIB is a key partner.
Ambassador Malgorzata Wasilewska of the EU Delegation to Barbados and the Eastern Caribbean States, the OECS and CARICOM/CARIFORUM, asserted, “The EU has been a key supporter of the health sector in Saint Lucia for many years. It is important to note that standalone projects such as the Owen King-EU Hospital are one of the ways we support Saint Lucia. Supporting the health system with appropriate and suitable levels of equipment and staff for service delivery is directly aligned with our global commitment to Universal Health Coverage.”
EIB representative for Southern and Eastern Caribbean, Kristina Eisele, said, “The COVID-19 pandemic demonstrated more than ever the importance of efficient and effective healthcare. At EIB Global we are glad to finance new medical equipment, refurbished buildings and specialist training in Saint Lucia, which will help to ensure people everywhere on the island receive the care they need.”
Saint Lucia’s Minister for Health, Wellness & Elderly Affairs, the Hon. Moses Jn. Baptiste said the government is committed to health care reform. “We believe that universal health coverage is achievable. We see that we must accelerate health care reform and we must be ready for the next pandemic, not if it comes but when it comes. All of these activities are very important, and I look forward to the implementation of these projects,” said Mr Jn. Baptiste.
The EIB is financing similar projects in Grenada and St. Vincent and the Grenadines (SVG) scheduled to be launched later in February. The Grenada initiative will involve health infrastructural works and while the efforts in SVG will include strengthening the medical supply chain.
Background information
About the Caribbean Development Bank
The Caribbean Development Bank is a regional financial institution established in 1970 for the purpose of contributing to the harmonious economic growth and development of its Borrowing Member Countries (BMCs). In addition to the 19 BMCs, CDB’s membership includes four regional, non-borrowing members (Brazil, Colombia, Mexico, and Venezuela) and five non-regional, non-borrowing members (Canada, China, Germany, Italy and the United Kingdom). CDB’s total assets as at December 31, 2022, stood at US$3.46 billion (bn). These include US$2.06 bn of Ordinary Capital Resources and US$1.40 bn of Special Funds Resources. The Bank is rated Aa1 Stable by Moody’s, AA+ Stable by Standard & Poor’s and AA+ Stable by Fitch Ratings. Read more at caribank.org.
About the European Investment Bank
EIB Global is the EIB Group's specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner in Global Gateway. We aim to support €100 billion of investment by the end of 2027, around one third of the overall target of this EU initiative. With Team Europe, EIB Global fosters strong, focused partnerships, alongside fellow development finance institutions and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices around the world.
About Global Gateway
Global Gateway is the European strategy to boost smart, clean and secure links in digital, energy and transport sectors, and to strengthen health, education and research systems across the world. Through a 'Team Europe approach', Global Gateway brings together the EU, its Member States and their financial and development institutions to mobilise the private sector to leverage investments for a transformational impact. It aims to mobilise up to €300 billion in investments. Global Gateway is fully aligned with the UN’s Agenda 2030 and its Sustainable Development Goals, as well as the Paris Agreement.
