1. Saint Lucia (hereinafter the Recipient) is implementing the “Unleashing the Blue Economy of the Caribbean” Project (the Project) with the involvement of the Ministry of Finance, Economic Development and the Youth Economy (MoF) as set out in the Financing Agreements (Credit Number 7088-LC) and the Additional Financing (AF) Financing Agreement (Credit Number-7553 LC). The International Development Association (hereinafter, the Association) has agreed to provide the original financing (P171833) and additional financing (P181493) as set out in the referred agreements. This ESCP supersedes previous versions of the ESCP for the Project and shall apply both to the original and the additional financing for Project referred to above.