Categories: Local

House of Assembly to meet on Tuesday: Gov’t seeking approval to borrow over $37M; extend time to lay Estimates

(Parliament of Saint Lucia)- A Sitting of the House of Assembly is scheduled for Tuesday, February 23th, 2021 with Papers to be laid by the Honourable Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service and the Honourable Minister for Commerce, Industry, Enterprise Development and Consumer Affairs The Motions for consideration are as follows:

Prime Minister, Allen Chastanet

1.BE IT RESOLVED that Parliament approves an extension of time to lay the Estimates before Parliament, by a new date, no later than fifteen days before the 31st day of March, 2021, due to the impact of COVID-19 on the human resources of the Department of Finance and other Government departments and agencies, involved in the budget preparation process.

2.BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of USD30,000,000.00 from the International Development Association to finance the COVID-19 Response, Recovery and Resilience Development Policy Programme;

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3. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow from the Caribbean Development Bank an additional amount from its Ordinary Capital Resources not exceeding USD7,378,000.00, which consists of an amount of USD4,178,000.00 from the Equity and Market resources of the Caribbean Development Bank (Additional E&M Tranche) and an amount of USD3,200,000.00 allocated from the European Investment Bank to the Caribbean Development Bank under the Climate
Change Action Line of Credit (Additional EIB-CALC Tranche) to assist in financing the Sixth Water (Vieux Fort Water Supply Redevelopment) Project;

Tuesday’s Sitting is scheduled to commence at 10:00a.m. The Sitting of the Senate is scheduled for Thursday, February 25th, 2021 at 10:00 a.m.

In keeping with the protocols established by the authorities for management of the Coronavirus (COVID-19) crisis and with a view to ensuring that there are established protocols, members of the public will NOT be allowed in the Chamber Gallery during the Sittings. Kindly note that the public can view the live proceedings on the National Television Network (NTN) Channel 122, Government of Saint Lucia Facebook and YouTube.

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