June 8 -- The World Bank endorsed the Organization of Eastern Caribbean States (OECS) Regional Partnership Strategy for the next four years, which projects financial assistance of up to US$193 million, in addition to technical and advisory services. The strategy seeks to support economic stability, competitiveness, and inclusive and sustained growth. Additionally, the Board of Directors approved two operations for a total of US$20 million for St. Lucia and Grenada aimed at supporting policy reforms.

This regional strategy was developed in close consultation with the OECS countries and is directly aligned with their short- and medium-term development priorities, said Yvonne Tsikata, World Bank Director for the Caribbean. It is framed by the crippling effects of the global and regional crises, the need to protect social gains, and the OECS continued focus on deepening regional integration and cooperation.