The Caribbean island of Saint Lucia is a typical windward island of volcanic rock. The country was strongly affected by the economic crisis which left Saint Lucia with high external, public and private debt. It has passed the difficult post-crisis environment, becoming the largest economy in the Eastern Caribbean Currency Union (ECCU). However, the demand in the tourism sector remains weak, and at the same time natural disasters and a major outbreak of a banana leaf disease held back growth.
Under the 11th EDF, Saint Lucia benefits from €6.9 million which will focus on employment generation through private sector development.
Under the 10th EDF, Saint Lucia was allocated €8.1 million which was focused on the health sector, ensuring the proficient health care to the country’s inhabitants.
As a member of the Caribbean Community (CARICOM) and the Forum of the Caribbean Group of African, Caribbean and Pacific ACP States (CARIFORUM), Saint Lucia benefits from regional programmes funded under the Caribbean Regional Indicative Programmes.
Saint Lucia is also a signatory of the CARIFORUM-EU Economic Partnership Agreement (EPA), a comprehensive free trade agreement with a strong focus on development.