## St. Lucia: Request for Disbursement Under the Rapid Credit Facility-Press Release; and Staff Report

_IMF Staff Country Reports, May 12, 2020_

## Source details

**Canonical URL:** [St. Lucia: Request for Disbursement Under the Rapid Credit Facility-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2020/05/12/st-49407)

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- [Structured JSON version](/en/publications/cr/issues/2020/05/12/st-49407/index.json)
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## Bibliographic details
- Published: May 12, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513543444.002

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### Overview
- Discusses St. Lucia’s Request for Disbursement Under the Rapid Credit Facility.
- IMF financing support provides resources to the countries’ authorities for essential health-related expenditures and income support to ease the impact of coronavirus disease 2019 on the population.
- The IMF will continue to be engaged with Dominica, Grenada, and St. Lucia, and stands ready to provide policy advice and further support as needed.

### Pandemic response measures implemented by authorities
- Announced measures to help employees and households, including:
  - income support to the unemployed,
  - tax relief,
  - providing cash transfers to the most vulnerable and affected.
- Governments have:
  - swiftly implemented containment measures,
  - allocated scarce budgetary resources to critical health care spending,
  - introduced income support to the most affected sectors and households.

### Financial system and central bank actions
- Protection of the financial system will help cushion the economic impact of the pandemic.
- Measures have been taken by the Eastern Caribbean Central Bank to facilitate the provision of credit and safeguard financial stability.

### IMF financing and engagement
- IMF financing support aimed at essential health-related expenditures and income support.
- IMF stands ready to provide policy advice and further support as needed to Dominica, Grenada, and St. Lucia.

### Key subjects and keywords
- Subject: COVID-19, Economic sectors, Expenditure, External debt, Health, Public debt, Tourism
- Keywords: Caribbean, construction expenditure, COVID-19, CR, Executive Board discussion, financing, financing needs, GDP, Global, IMF emergency support, IMF financing support, IMF support, income support, ISCR, Tourism

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- **1lcaea2020002**
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_Source: https://www.imf.org/en/publications/cr/issues/2020/05/12/st-49407_