“And if you are engaging and abusing it, the Trustee is best placed, because they have to monitor everything.”
Read MoreThe Department of Finance, through the Accountant General’s Department, has introduced a new and innovative Financial Management System to replace the 25-year-old Smartstream system.
Read MoreEarlier this month, a team from the World Bank visited the island to gain firsthand insights into the progress of the Caribbean Digital Transformation Project.
Read More“That’s why when we measure productivity we have to adjust for inflation. We have to discount the effect of inflation.”
Read MoreThe National Competitiveness and Productivity Council (NCPC) continues to engage stakeholders on the soon-to-be-enacted Insolvency Bill, which has had its first reading in the House of Assembly. Insolvency is a financial state where an individual or organization is unable to meet its debt obligations, often leading to legal proceedings such as bankruptcy, where the debtor seeks relief from some or all debt obligations.
Read MoreJuliana Alfred, Chair of the National Anti-Money Laundering Oversight Committee (NAMLOC), welcomed a team from the World Bank and the European Union who conducted a workshop on virtual assets for stakeholders from the public and private sectors. Saint Lucia’s Virtual Assets Providers Act, passed in 2022, provides for the licensing and supervision of the sector.
Read MoreSaint Lucia played host to a pivotal meeting of the CARICOM Permanent Joint Council on Public Procurement (PJCPP) on April 18 to 19, 2024, held at the Finance Administrative Centre in Pointe Seraphine, Castries.
Read MoreThe Central Statistical Office (CSO) is gearing up to introduce a new index aimed at calculating price data from producers spanning various industries within the economy. Recently, the CSO staff underwent training sessions to facilitate the development of a Producer Price Index (PPI) tailored specifically for Saint Lucia.
Read MoreThe National Competitiveness and Productivity Council (NCPC) continues its proactive approach to legislative reform, building upon the recent enactment of the Security Interest in Movable Properties Act. Currently, the Insolvency Bill, having completed its initial reading in the House of Parliament, stands as the next significant step. This bill aims to offer individuals and businesses grappling with economic challenges the opportunity to restructure their financial obligations with creditors. Sharma Mathurin serves as the Deputy Director at the NCPC.
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