Media Release: World Bank assists Caribbean health sector projects



US$15 MILLION ADDITIONAL FINANCING PROVIDED FOR EASTERN CARIBBEAN HEALTH SECTOR.

The World Bank Board of Executive Directors approved US$15 million in additional financing for health sector projects in the Eastern Caribbean. The financing replenishes funds that were redirected from these projects to support the countries’ immediate emergency response to the COVID-19 pandemic.

“The World Bank provided speedy financing to Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines by allocating resources from existing health projects to fast-track procurement of essential medical equipment and to strengthen medical facilities during the COVID-19 pandemic,” said Tahseen Sayed, World Bank Country Director for the Caribbean. “A strong health sector is essential to save lives and build countries’ resilience. The additional financing ensures that important health projects receive quick replenishment of funds to continue their activities and accomplish project objectives.”



Additional financing of US$10 million is provided to  the Organisation of Eastern Caribbean States (OECS) Regional Health Project in Dominica (US$3 million), Grenada (US$2.5 million), and Saint Vincent and the Grenadines (US$4.5 million). The OECS Regional Health Project aims to improve preparedness capacities of health systems for public health emergencies. Additional financing of US$5 million was also approved for Saint Lucia’s Health System Strengthening Project, which supports improved accessibility, efficiency, and responsiveness of key health services. These projects rapidly released funds to support national responses to COVID-19 using their Contingent Emergency Response Components (CERCs). CERCs allow funds to be reallocated rapidly from existing projects and used for emergency response activities.

The additional financing for these projects comes from the International Development Association (IDA) with a maturity of 40 years, including a grace period of 10 years.



Related Articles

February 16, 2023 / Regional News, St Lucia Media Releases

PRIME MINISTER HON. PHILIP J. PIERRE WILL ATTEND THE FORTY-FOURTH (44TH) REGULAR MEETING OF THE CONFRENCE OF HEADS OF GOVERNMENT OF THE CSRIBBEAN COMMUNITY (CARICOM)

PRIME MINISTER HON. PHILIP J. PIERRE WILL ATTEND THE FORTY-FOURTH (44TH) REGULAR MEETING OF THE CONFRENCE OF HEADS OF GOVERNMENT...
Read More
September 29, 2022 / Regional News, St Lucia Media Releases

Police Probe Discovery Of Partially Decomposed Body In Dennery

Police are investigating the discovery of the partially decomposed body of a man on Wednesday near the Fond D’Or beach...
Read More
September 29, 2022 / Regional News, St Lucia Media Releases

Anthony ‘Disappointed’ That Vieux Fort South No Longer A Venue For Blackheart Football

Parliamentary Representative for Vieux Fort South, Dr. Kenny D. Anthony, says that he welcomes the commencement of the 2022 Blackhearts...
Read More
September 29, 2022 / Regional News, St Lucia Media Releases

ECCB Takes Steps To Address Bank Fees, Charges

The Governor of the Eastern Caribbean Central Bank (ECCB) Timothy N. J. Antoine has outlined measures the ECCB is taking...
Read More
1 2 3 351



Real Estate

There are no ads matching your search criteria.