Only the Windward Islands have made specific allocations for diversification (both agricultural and economic) and, in the case of Saint Lucia, for social recovery for those falling out of the industry. It should be noted that the Windward Islands have received considerable amounts of STABEX funds which have been used in the past for banana productivity improvements, and more recently, for diversification and social recovery purposes.
The European Development Fund Programme Monitoring and Co-ordination Unit (EDF- PMCU) is a European Union (EU) funded initiative within the Ministry of Finance, Economic Affairs and National Development. The National Authorizing Officer (NAO) has operational responsibility for the PMCU. The main function of the EDF-PMCU is the administration of European Union funding under various funding arrangements. STABEX, Special Framework Assistance (SFA), and the European Development Fund’s (EDF) funding have been made available to the Government of Saint Lucia and the unit is dedicated to the efficient, optimal and timely use of these funds.
The support provided by the EDF-PMCU to the NAO impacts on the Government of Saint Lucia’s ability to achieve performance targets of the various EU financing instruments. These targets are achieved by supporting the process of planning, implementation, co-ordination and disbursement of EU funding.