The Government of Saint Lucia has successfully negotiated a US$20 million loan from the Export-Import Bank of the Republic of China (Taiwan) to bolster affordable housing and infrastructure projects. This financial agreement, facilitated through the Saint Lucia Development Bank (SLDB), aims to provide critical support to low- and middle-income families across the nation. Prime Minister Philip J Pierre announced the finalized deal during a pre-cabinet press briefing on November 3, emphasizing that all terms and conditions of the loan have been agreed upon. ‘We’ve completed that arrangement,’ Pierre stated, addressing concerns about the interest rate spread. ‘Very soon, prospective homeowners in Saint Lucia will have access to US$20 million through on-lending from the SLDB.’ The initiative is expected to benefit public sector workers, with the government already implementing measures such as waiving stamp duty on mortgages up to $400,000 and removing VAT on building materials to encourage housing development. However, the government has yet to provide a specific timeline for when the funds will be accessible to borrowers.