Saint Vincent and the Grenadines is an upper middle-income located in the Eastern Caribbean with a population of over 100 000 (2023). Its major economic pillars are tourism and agriculture, primarily banana production.
Saint Vincent and the Grenadines is a Small Islands Development State which is highly dependent on a limited number of economic sectors, vulnerable to exogenous shocks especially natural disasters.
The EU supports Saint Vincent and the Grenadines towards sustainable and inclusive development, in line with the Global Gateway Strategy.
For the Caribbean, the EU-Organisation of African, Caribbean and Pacific States (OACPS) Partnership Agreement sets out the objectives of the Caribbean-EU partnershipEU support focuses on improving environmental sustainability and climate resilience; transitioning to a sustainable and diversified economy that supports decent jobs and growth, and promotes trade and investment; enhancing good governance, and building inclusive and secure societies where institutions are accountable, and no one is left behind.
These objectives are taken forward in three Caribbean-EU partnerships focusing on: (1) the Green Deal, (2) economic resilience and trade, (3) governance, security and human development.
The EU adopted a Multiannual Indicative Programme for the period 2021-27 under the Neighbourhood, Development and International Cooperation Instrument (NDICI-Global Europe). Under that framework, the EU allocated €208 for the Caribbean region.
Our flagship initiatives
The Global Gateway Investment Agenda for Saint Vincent and the Grenadines addresses the sub-region's infrastructure needs, mainly in the following areas:
- Climate and energy:
- Transition to renewable energy by fostering investments in solar, wind, geothermal and green hydrogen technology.
- Reduce the chronic water shortages and improve wastewater systems with a combination of research, innovation, technology transfer, policy development, risk protection, seed fund and bigger infrastructure projects.
- Mitigating or adapting to the impacts of climate change (green finance and sustainable finance).
- Supporting Caribbean biodiversity and fighting ocean pollution.
- Turn Sargassum algae from a threat to an economic opportunity (e.g. biofuel, water purification, agriculture).
- Improve maritime connectivity in the Caribbean to foster regional integration, economic growth and food security.
- Health systems resilience and the digital transformation of health facilities.