Our Scans · Saint Lucia · Weekly Summary

• Barbados joins other Caribbean countries that are using Cat DDOs to build financial buffers and institutional capacity to handle increasing disaster risk, including Saint Vincent and the Grenadines, Jamaica, Grenada, Dominica, and Saint Lucia. World Bank
• The Government of Saint Lucia will do everything within its power to safeguard the economic stability and social well-being of Saint Lucia. St. Lucia Times
• HOT Caribbean Microgrant Programme is enhancing local communities in Trinidad and Tobago and Saint Lucia to build resilience against flood risks through open mapping. Humanitarian OpenStreetMap Team
• Saint Lucia is among the top high-risk countries in the world, ranking 18th globally in terms of the vulnerability of its GDP to weather-related losses. CAPA - Centre for Aviation
• Saint Lucia's forthcoming challenges from the Brussels meeting will impact migration, stability, various policy and operational matters relevant to the EU migration policy developments and the Caribbean region. Caribbean News Global
• Dominica, Montserrat, Saint Vincent and Saint Lucia are at varying stages of geothermal energy exploration, thanks to UK investment, and there is potential for offshore wind, for example, in Trinidad & Tobago, Jamaica and the Eastern Caribbean. GOV.UK
• One of the suggestions of the Mutual Evaluation Report is that Saint Lucia must be able to sufficiently identify its Money Laundering and Terrorist Financing risk and must be able to allocate resources in terms of which are the higher risker areas, and which are the low-risk areas. St. Lucia News From The Voice
• The strong renewable energy - including, solar and wind energy - and energy efficiency potential of Saint Lucia and the wider Caribbean presents significant prospects. St. Lucia Times News
• The World Bank has launched a program that will support geothermal development in the island nation of Saint Lucia through multi-partner financing of exploration and strengthening of the legal and regulatory framework for clean energy integration. ThinkGeoEnergy
• The finance strategies of Cambodia, Saint Lucia, and Saint Vincent and the Grenadines could potentially provide input to the Needs-based Finance strategies being developed under the United Nations Framework Convention on Climate Change program. International Institute for Sustainable Development
• SAINT LUCIA, the US, and IRELAND called for revising the misleading message that benefits could only become visible in the next decade or beyond to also mention near-term benefits of investments in climate change adaptation. IISD Earth Negotiations Bulletin
• SAINT KITTS AND NEVIS, with TRINIDAD AND TOBAGO, GRENADA, and SAINT LUCIA, called for language from the underlying report stating that long-term risks from sea level rise are existential threats to low-lying coasts and small islands. IISD Earth Negotiations Bulletin
• On the China-Taiwan competition, 2022 will likely see the Caribbean become a new area of focus, including the possibility of a flip by the current government of Saint Lucia (which currently recognizes Taiwan but previously recognized the PRC), or by the next government in Haiti. Global Americans
• In Latin America and the Caribbean, the country that during 2022, according to the World Bank, will have a better economic performance will be Guyana, which will rise 49.7%; it is followed by Saint Lucia, Barbados and Saint Vincent and the Grenadines. archyde
• The NIFS is set to be launched in 2021 and will form the basis for work to accelerate the financing of sustainable infrastructure in Saint Lucia. World Economic Forum
• Saint Lucia is working towards improving its investment environment to provide clarity for investors and funders on their returns and impact, so they have confidence that returns will be both secure and attractive. World Economic Forum
• For Saint Lucia, the Caribbean region and other SIDS, greater investment in renewable energy is an opportunity to improve the trade balance and increase energy security, while also investing in climate-resilient infrastructure. World Economic Forum
• Solutions for transitioning into greater energy security, improving trade balance and creating job opportunities SIDS in the Caribbean, including Saint Lucia, are reliant on centralized electricity systems powered predominantly by fossil fuels that deplete their foreign exchange. World Economic Forum
• Preferential trade measures granted to least developed countries do not apply to upper-middle - income countries such as Saint Lucia, despite their size and inherent vulnerabilities. World Economic Forum
• Even before the COVID-19 pandemic, Saint Lucia's economic stability was threatened by a shortage of investable resources, limited fiscal capacity, low levels of international reserves, decreasing access to FDI and ODA and high debt-to-GDP ratios. World Economic Forum
• Vulnerability to climate change, natural disasters and external shocks Saint Lucia is exposed to high levels of risk, due both to its natural characteristics that cause meteorological and geologic hazards, and to the structure of its economy. World Economic Forum

Last updated: 13 June 2025