Office of the Prime Minister – Global financial monitoring agencies like the World Bank, ECLAC and the International Monetary Fund point to continued economic gains for Saint Lucia in 2024! They all project positive GDP growth.
This encouraging economic outlook means better paying jobs will open up for more Saint Lucians. More businesses will have the confidence to expand operations and hire more people.
Prime Minister Hon. Philip J. Pierre delivered consecutive years of double-digit GDP growth in 2022 and 2023. The national unemployment rate fell to 16.5% by the end of 2022, the lowest rate since 2013. But, there’s still work to be done.
Prime Minister Pierre’s strategic business development policies have unleashed the entrepreneurial spirit of our nation. The government disbursed millions in grants and soft loans to hundreds of Saint Lucians who took advantage of the MSME Loan-Grant Facility and the Youth Economy Agency.
The Prime Minister’s management of the economy secured a BBB+ (Adequate) for Income and Economic Structure from the Caribbean Information and Credit Rating Services Limited (CariCRIS).
Under Prime Minister Pierre’s leadership, the Chamber of Commerce is reporting improved profitability for 2023. Foreign direct investment is set to exceed $2.5 billion.
The Pierre Administration continues to shape the fiscal policies that will create the enabling environment to facilitate investment, accelerate job creation and keep Saint Lucia on course for sustained economic growth.
Please see the attached info-graphic for ease of reference. The Office of the Prime Minister would be grateful for its inclusion in your media programmes. Thank you for your continuing cooperation with OPM Saint Lucia.
Tom Walcott was my friend, advisor, critic, consoler, and epitomised Labour. Read More
The requirement for individuals owing taxes to obtain permission to travel is an unprecedented encroachment on personal freedoms. Read More
The public is reminded to take advantage of the ongoing tax amnesty programme on penalties Read More
It is clear to me and several others that the "mischiefs of faction" is retarding our nation's development; it's "a… Read More
One only has to survey the comments and listen to the voices of the public in order to ascertain their… Read More
Prime Minister Philip J. Pierre (left), for Senate president, now House Speaker Claudius Francis (center) and former PM turned back-bencher… Read More
This website uses cookies to improve your experience. No personally identifiable information is stored.