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It is an honour to address you as we celebrate the 40th Anniversary of the advent of social security in Saint Lucia. This moment is especially poignant, for I would have delivered this speech in October last year, were it not for Hurricane Tomas. Instead, I was stranded in Barbados while Tomas ravaged our country and destroyed lives and livelihoods. It is always ...
[PressRelease]
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The Government of Saint Lucia is pleased to announce the commencement of a landmark initiative, spawned out of an earlier promise made to Parliamentarians at a workshop on “Understanding the Budget Process” which was facilitated by the Parliament Office, in conjunction with the Ministry of Finance, Economic Affairs and National Development. First announced in t...
[PressRelease]
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The Cabinet of Ministers on February 14th, 2011 approved the appointment of a Steering Committee, to oversee the establishment of the National Competitiveness and Productivity Council (NCPC) in Saint Lucia.The concept of the NCPC was first launched in August 2010, at a multipartite symposium. At that consultation, it was agreed that productivity, international comp...
[PressRelease]
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Rising global oil prices and the resulting price of fuel at the pump have been of major concern to consumers and the topic of much public discussion. However, world oil prices are affected by a number of external factors which are beyond the control of small oil importing states like Saint Lucia. The price of raw crude oil is determined largely by factors affecting...
[PressRelease]
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Over one hundred young persons who have just received training from the National Skills Development Centre under the OECS Skills for Inclusive Growth Project are currently attached to various business houses where they are undergoing a four month period of apprenticeship.The trainees received four months of technical training from various local competent Training P...
[PressRelease]
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The Prime Minister and Minister for Finance, Economic Affairs and National Development, Honourable Stephenson King, delivered the 2011/2012 Budget Address on Thursday, April 14, 2011.
The theme for this year's address is:
"Creating a Safe and Secure Environment and Rebuilding Communities While Transforming the Economy to Attain Sustainable Development"
The addres...
[Programme]
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The Government of Saint Lucia represented by the Ministry of Finance, Economic Affairs and National Development has received a loan from the World Bank towards the cost of Second Disaster Management Project and intends to apply part of the funds to cover eligible payments under the Contract for Recreational Communal Facility with Landscaping at Dennery Waterfront. Bidding is open to all bidders from eligible source countries as defined in the Guidelines: Procurement under IBRD Loans and IDA Credits.
[Tender]
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Presentation on the Eastern Caribbean Central Bank 2010/2011 Annual Report
Good evening fellow citizens of the Eastern Caribbean Currency Union. This evening I am pleased to present the report on the performance of the Eastern Caribbean Central Bank for the financial year 2010/2011.The purpose of this report is two-fold:First, it is in-keeping with the...
[Article]
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It is my pleasure as Minister for Finance, Economic Affairs and National Development to deliver a few brief remarks on the occasion of the last Government of Saint Lucia bond issue on the Regional Government Securities Market. Once again, First Citizens Investment Services Ltd. has been instrumental in successfully marketing and underwriting the October and Novembe...
[PressRelease]
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It gives me great pleasure to welcome you to this important workshop on “Managing for Development Results (MfDR)”, which, aptly, we have embarked upon at a critical time in our economic life. In the wake of the worst recession and the most devastating hurricane to strike Saint Lucia in modern times, it cannot be “business as usual” in the management of ou...
[PressRelease]