Workplace of the Prime Minister – World monetary monitoring companies just like the World Financial institution, ECLAC and the Worldwide Financial Fund level to continued financial features for Saint Lucia in 2024! All of them challenge optimistic GDP development.
This encouraging financial outlook means higher paying jobs will open up for extra Saint Lucians. Extra companies could have the boldness to broaden operations and rent extra folks.
Prime Minister Hon. Philip J. Pierre delivered consecutive years of double-digit GDP development in 2022 and 2023. The nationwide unemployment price fell to 16.5% by the top of 2022, the bottom price since 2013. However, there’s nonetheless work to be executed.
Prime Minister Pierre’s strategic enterprise growth insurance policies have unleashed the entrepreneurial spirit of our nation. The federal government disbursed thousands and thousands in grants and smooth loans to tons of of Saint Lucians who took benefit of the MSME Mortgage-Grant Facility and the Youth Economic system Company.
The Prime Minister’s administration of the economic system secured a BBB+ (Ample) for Revenue and Financial Construction from the Caribbean Data and Credit score Ranking Providers Restricted (CariCRIS).
Below Prime Minister Pierre’s management, the Chamber of Commerce is reporting improved profitability for 2023. International direct funding is about to exceed $2.5 billion.
The Pierre Administration continues to form the fiscal insurance policies that may create the enabling atmosphere to facilitate funding, speed up job creation and hold Saint Lucia heading in the right direction for sustained financial development.
Please see the connected info-graphic for ease of reference. The Workplace of the Prime Minister would be glad about its inclusion in your media programmes. Thanks to your persevering with cooperation with OPM Saint Lucia.
