Hundreds of Vincentians are expected to gain employment in the upcoming months, with the coming on stream of a number of tourism development projects.
The announcement was made by Minister of Finance, Camillo Gonsalves during a signing ceremony held here last week.
During the ceremony, a 15 million US dollar loan agreement was signed by the Governments of St. Vincent and the Grenadines and the Republic of China on Taiwan.
The funds will be used for construction of the 250 room hotel at Mt. Wynne in Peters Hope, located on the leeward side of the island.
In his remarks, Minister Gonsalves spoke of the employment opportunities, associated with the hotel and other projects.