Early Warning System

Countries

St. Lucia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 13, 2011

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of St. Lucia

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
Education and Health
Infrastructure
Water and Sanitation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Loan Amount (USD)

$ 6.23 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 13.34 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 22, 2023

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will facilitate improved access to basic infrastructure and services for residents in informal settlements in 11 communities in St. Lucia. It also includes the provision of serviced lots, and technical assistance to enhance sector capacity. The project will support the longer-term goal of improved living conditions and access to secure tenure for project beneficiaries, especially those in the lower quintiles of the population.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

The Government of St. Lucia will contribute to the project with an amount of USD 7,107,000.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The private actors' description is not currently available.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Jamecob’s Quality Construction Limited	Contractor	Construction
-	-	-	-	Profiles Consulting Inc.	Contractor	Technical Cooperation

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CDB Team Leaders:

Yvonne Moses Grant - Director, Projects Department (Ag.)
Clairvair Squires - Division Chief, Social Sector Division (Ag.)

Executing Agency - Ministry of Physical Development, Housing, and Urban Renewal:

Address: Cox Building, Cnr of Cadet and Jeremie Streets, Castries, Saint Lucia
Phone: +1 758 468–2619/2618/4410
Fax: +1 758 453 1530
Website: https://www.govt.lc/ministries/physical-development/housing-and-urban-renewal

Contractors -

Profiles Consulting Inc.:

Address: Aflak Building, 500 Friars Hill Road, Saint John, Antigua

Email: info@profiles-consulting.com
Website: https://www.profiles-consulting.com/

Jamecob’s Quality Construction Limited:

Address: Cul-De-Sac, Castries, St. Lucia

Phone: +1 758-458-2197

Email: jameson.const@candw.lc

Website: www.jamecobs.com

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.