Publicaciones Santa Lucía
Elizabeth Emanuel, Dillon Alleyne and Willard Phillips, december 2013
Energy represents a fundamental iput for modern economcies and social life. The world today faces two main threats related to energy. Firstly inadequate and insecure supplies at affordable prices and secondly global warming due primarily to the over-consumption of fossil fuels. Coupled with this, is that the prospecs for global energy markets, heighten concerns around energy security and the impact of climate change on energy-dependent small island states such as those in the Caribbean. Small island developing States (SIDS) are unique because of their small size and geographical location – but SIDS also are vulnerable to the high cost of imported fossil fuels.
Wayne Sandiford, mayo 2007
This document examines the Saint Lucia Development Bank and the Grenada Development Bank. In an attempt to place the examination of the Development Banks in some context, the examination begins with a discussion of the origins of development banking in general. It then proceeds to look specifically at the emergence of development banking in Saint Lucia and Grenada. It also discusses the statutory basis of the Development Banks, their mandate, ownership, sources of funds, the structure of the their governance and the nature of government control. The document also analyses the instruments and associated policies of the Development Banks, and assesses the performance of the Development Banks. It finally provides suggestions as to possible new directions for the Development Banks.While the study is restricted to the Saint Lucia Development Bank and the Grenada Development Bank the suggested new direction could have some applicability to the rest of the Eastern Caribbean. There are valuable lessons to be learned from other development banking experiences which indicate that development Banks must seek to complement financial markets, rather than to replace them, stimulating private banks to lend alongside public ones; they must lend basically to the private sector, and within the private sector, to firms without adequate access to private markets; they must insist on the long-term profitability of their client firms and must monitor their investment closely and must monitor their investment closely. In the final analysis development banks to succeed they must use commercial standards in their lending procedures. In other words, they must act more as market-oriented financial enterprises than as government agencies. The basic problem with SMEs in developing countries is lack of access to long term finance at market-related interest rates. They do not require subsidy.