The OAS supports Saint Lucia in accelerating growth of MSMEs
Wednesday, October 13, 2021
by OAS
The OAS, through its Development Cooperation Fund (DCF,) has approved a grant of US$100,000 to support the Ministry of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs with its project to accelerate the growth of Micro, Small and Medium Enterprises (MSMEs) in Saint Lucia. This project will be implemented during the OAS/DCF’s 2021-2024 project cycle under the program “Retooling MSME’s through innovation and technology” named “Saint Lucia’s Digital Enhancement Program.”
The Development Cooperation Fund (DCF) of the Organization of American States (OAS) is supported by the annual voluntary contributions of OAS member states and is geared towards addressing their most urgent development needs, particularly among those with smaller and more vulnerable economies. In its programming, the Fund emphasizes institutional and human resource capacity building as the basis for sustainable development.
Since 1997 the OAS / DCF, formerly FEMCIDI, has provided over U$100 million to support OAS member states in their efforts to reduce poverty and inequality, by providing grants for more than 1100 projects in areas ranging from education, entrepreneurship, community development, small and medium enterprises, renewable energy resources, and science and technology, among others. In 2014, the DCF was re-structured to become more innovative, participatory, and results-oriented, with a mandate to build synergies and strategic partnerships with like-minded organizations to bring even greater benefits to member states and to capitalize on the growing opportunities for South-South cooperation in the region.
The OAS/ DCF invites national, regional, and international actors from both the private and public sector to join in our continued effort by combining resources to achieve more impactful results. Interested persons or organizations may contact the OAS Country Representative in the Office of the OAS General Secretariat in Saint Lucia at +1758 452 4330 or