Saudi fund signs off on $75m loan to rebuild Saint Lucia hospital

Saint Lucia (Image: napa74 via AdobeStock - stock.adobe.com)

The Saudi Fund for Development (SFD) has signed a loan agreement with the Prime Minister of Saint Lucia worth US$75 million for the reconstruction of a hospital.

The eastern Caribbean island plans to use the loan to reconstruct and rehabilitate the St. Jude hospital.

The project involves creating an integrated medical facility offering secondary medical care to Saint Lucia’s population, with a capacity of around 100 beds.

It also includes the renovation of several of its wings and sub-buildings.

Prime Minister of Saint Lucia, Philip Joseph Pierre said, “Today, we are one step closer to making amends to the people of Saint Lucia, particularly to the people of the south of the island, by securing funding for the reconstruction of the St. Jude Hospital.

“We have been able to achieve this milestone with the support of the Kingdom of Saudi Arabia through the SFD, as we embrace a new era of collaboration to find sustainable solutions to tackle pressing issues.”