US$47.5 Million Financing to Strengthen Sint Maarten’s Human Capital Post-Hurricane

US$47.5 Million Financing to Strengthen Sint Maarten’s Human Capital Post-Hurricane

US$47.5 Million Financing to Strengthen Sint Maarten’s Human Capital Post-Hurricane

The FINANCIAL -- PHILIPSBURG – Two new projects for a total of US$ 47.5 million in grants from the Sint Maarten Recovery, Reconstruction and Resilience Trust Fund financed by the Government of the Netherlands have been launched. The first project provides training and stipends to unemployed and underemployed residents in the wake of hurricane Irma and the second will help bring the Sint Maarten Medical Center, including a new hospital building, to standards that can withstand extreme weather events.

The Emergency Income Support and Training project (US$ 22.5 million) will provide income support to under-employed and unemployed persons, who are not currently working in the wake of hurricane Irma and declining tourism revenues. Approximately 1,800 people will receive skills-training in exchange for a stipend over the next 18 months.

The project builds on a successful first phase which provided 700 under-employed citizens, more than half of these women, with training and a stipend. In addition, the project will develop a Social Registry which will allow the authorities of Sint Maarten’s to improve the efficiency of the country’s social protection system and to identify the most vulnerable populations when providing assistance in post-disaster situations.

The Sint Maarten Hospital Resiliency and Preparedness project (US$25 million) will contribute to the critical rehabilitation of the existing hospital and construction of a new and larger facility, more resilient to climate shocks. The project will contribute to a rise in the new hospital’s bed capacity from 66 to 110, improvements in the scope and quality of health services (new operating theaters and larger areas for ambulatory care), a reduction in costly overseas medical referrals, and will strengthen preparedness and delivery of medical services in case of future emergencies and extreme weather events. This project will be implemented by the Sint Maarten Medical Center Foundation.