St. Lucia [electronic resource]

By: International Monetary Fund. Western Hemisphere DeptMaterial type: TextTextSeries: IMF Staff Country Reports; Country Report ; No. 18/181Publication details: Washington, D.C. : International Monetary Fund, 2018Description: 1 online resource (69 p.)ISBN: 1484362748 :Subject(s): Climatic Changes | Debt Sustainability | Environmental Policy | Government Expenditures | Saint LuciaAdditional physical formats: Print Version:: St. LuciaOnline resources: IMF e-Library | IMF Book Store Abstract: This paper takes stock of St. Lucia's plans to manage climate change, from the perspective of their macroeconomic implications, and suggests macro-relevant reforms that could strengthen the likelihood of success of the national strategy. To meet its renewable energy plans, St. Lucia will need to mobilize private investment. External assistance will be needed to develop supporting infrastructure. Building capacity for project assessment and investment promotion is a high priority, to shape needed investments into bankable projects. Elsewhere, capacity building would be most useful to help cost out sectoral plans, complete the disaster-preparedness strategy, move toward carbon taxation, and strengthen skills in public investment management and public financial management.
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This paper takes stock of St. Lucia's plans to manage climate change, from the perspective of their macroeconomic implications, and suggests macro-relevant reforms that could strengthen the likelihood of success of the national strategy. To meet its renewable energy plans, St. Lucia will need to mobilize private investment. External assistance will be needed to develop supporting infrastructure. Building capacity for project assessment and investment promotion is a high priority, to shape needed investments into bankable projects. Elsewhere, capacity building would be most useful to help cost out sectoral plans, complete the disaster-preparedness strategy, move toward carbon taxation, and strengthen skills in public investment management and public financial management.

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