PEOPLE
111,551est,2021
AREA
150 Sq Miles
CAPITAL
Kingstown
CURRENCY
Eastern Caribbean
Dollar (XCD)
STATUS
Independent
27th Oct, 1979
CARICOM JOIN DATE
May 1, 1974
Project
Overview
FUNDED
PROJECTS
4
US $18.92M
OVERVIEW
The CARICOM Development Fund (CDF) has played a pivotal role in supporting the Government of St Vincent and the Grenadines (GOSVG) in its pursuit of economic diversification and sustainable growth. CDF’s investment of US$18.9 million during Cycle 1 (2008-2015) and Cycle 2 (2016-2023) has contributed to the installation of air transportation and tourism infrastructure critical to economic growth and diversification.
Planned results of CDF-supported projects in St Vincent and the Grenadines
- Operational International Airport: Contributed to the construction of the Argyle International Airport (AIA), which is now fully operational and serving as a critical hub for international air travel and trade.
- Reduced Emissions and Airport Operating Cost: Installation of a 598-kW photovoltaic system at AIA to reduce power generation costs and decrease the airport’s carbon emissions.
- Increased Attractiveness as a Tourist Destination: Contributed to the construction of the Holiday Inn Express & Suites hotel at the Diamond Industrial Estate, strategically located near to the AIA, and leading to the addition of 93 new hotel rooms; and significantly increasing the country’s capacity to attract international airlines and accommodate international visitors.
Our Work in St Vincent and the Grenadines
Support for the Completion of the Argyle International Airport
Status
CompletedApproval Date
9/23/2010Value (USD)
7,472,000Supporting Economic Diversification – Expanding the Accommodation Sector
Status
CompletedApproval Date
12/7/2019Value (USD)
5,700,000Supporting Economic Diversification – Expanding the Accommodation Sector (Supplemental Loan)
Status
CompletedApproval Date
5/23/2023Value (USD)
5,000,000Argyle International Airport Photovoltaic Renewable Energy Project
Status
CompletedApproval Date
8/25/2016Value (USD)
750,000CDF Executing Agencies
Economic Planning Dept in the Ministry of Finance
Economic Planning
Sust Dev and IT
St. Vincent Electricity Services
International Airport Development Company
National Focal Point
Country |
Saint Vincent & the Grenadines |
NAME OF FOCAL POINT |
Mr. Edmond Jackson |
Position |
Director General of Finance and Planning |
CONTACT INFORMATION |
Ministry of Finance and Economic Development, Kingstown, St Vincent & the Grenadines
Tel: +1 (784) 457-1343 |
