Saint Lucia’s Climate Financing Strategy

The report outlines a framework for Saint Lucia to mobilise domestic and international climate finance to build resilience. It identifies key funding sources, assesses the scale and type of existing project concepts, and defines the roles of government agencies, accredited entities, and the private sector in a cyclical financing process.

• Saint Lucia's national budget for 2016–2017 included XCD 83.8 million (USD 31 million) for adaptation-related projects, representing approximately 2% of GDP, though actual capital budget execution suggests spending closer to 1% of GDP.
• Between 2010 and 2015, Saint Lucia received USD 36.71 million in multilateral and bilateral public climate finance, making it the largest recipient among OECS member states, though the disbursement ratio remained low compared to the broader Caribbean region.
• The estimated cost to implement the 38 costed concept notes developed for the Water, Fisheries, and Agriculture SASAPs is USD 35.4 million, with 32 of the 39 total concept notes costing less than USD 1 million.
• Just under half of the SASAP concept notes are 'hard' investments involving physical infrastructure, technology, or early warning systems, which are more likely to attract Green Climate Fund (GCF) support.
• Saint Lucia has successfully accessed the Adaptation Fund (AF), with a 2019 approved project for the agricultural sector valued at approximately USD 9.86 million, nearly reaching the fund's USD 10 million country cap.
• The government is transitioning toward a programmatic approach to climate finance to achieve scale, including a submitted GCF water sector programme and a GCF fisheries programme currently under development with the FAO.
• The strategy identifies a critical need to improve the capacity to track public expenditure on climate resilience, as the country currently lacks a comprehensive approach for monitoring these investments.
• The financing process is designed as an iterative cycle consisting of defining priorities, developing concepts, aligning with funding sources, elaborating proposals, approving projects, implementing, and monitoring/evaluating.

APA

International Institute for Sustainable Development (2020). Saint Lucia’s Climate Financing Strategy. https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf

Chicago

International Institute for Sustainable Development. Saint Lucia’s Climate Financing Strategy. 2020. https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf.

Wikipedia

{{cite report |author=International Institute for Sustainable Development |title=Saint Lucia’s Climate Financing Strategy |date=August 2020 |url=https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{internationalinstituteforsustainabledevelopment2020saint, author = {{International Institute for Sustainable Development}}, title = {{Saint Lucia’s Climate Financing Strategy}}, institution = {International Institute for Sustainable Development}, year = {2020}, month = aug, url = {https://napglobalnetwork.org/wp-content/uploads/2020/09/napgn-en-2020-Saint-Lucias-Climate-Financing-Strategy.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }