The Procurement Administration Unit in the Department of Finance is finalizing regulations to the new procurement legislation enacted in June of 2021. Ag. Director of Procurement Administration, Anthony Jean, said the impact of procurement on the estimates of national expenditure is significant as government is the biggest procurer of goods, services, and works on the island.
Read MoreIn an effort to foster a greater understanding and utility of the Caribbean Public Procurement Notice Board (CPPNB) and the National Advertising Portal(NAP) a three-day capacity-building workshop was conducted with Senior Procurement Officers in the Public Service. Director of the CARICOM Single Market, Titus Preville said that the Notice Board and Advertising Portal form part of the electronic tools that have been provided as part of the public procurement regime pursuant to Article 239 of the revised Treaty of Chaguaramas.
Read MoreThe National Competitiveness and Productivity Council (NCPC) has achieved another milestone toward fully implementing the Collateral Registry. The Collateral Registry supports the recently passed Security Interest in Movable Properties Act. Economist and Project Leader at the NCPC, Sharma Mathurin said this project is now halfway through implementation with a formal launch scheduled for the latter part of this year.
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Covid-19 has created what has aptly been described as the “new normal” causing a blended approach to be adopted by all sectors in society. This has caused the rapid penetration and dependence on ICT for communication, business activity, education, and the list goes on.
This rapid dependence on ICT has undoubtedly widened the digital divide particularly for small island developing states like Saint Lucia with many not having access to technology or appropriate technology to seamlessly navigate this new normal.
Reducing the digital divide is projected as one sure way of increasing Saint Lucia’s competitiveness and sustaining economic development.
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Communication has a vital role to play in fueling economic growth. A well-coordinated strategized and funded national information communication roadmap for Saint Lucia is vital to the economic health of the country.
Read MorePublic Procurement aims to ensure the application of fair, competitive, transparent, value-for-money standards and practices for the procurement and disposal of public assets in the public sector procurement system. The new Public Procurement legislation seeks to reduce the level of distrust in the system, reduce corruption, increase transparency, equality and accountability of government procurement.
Much has been said of the potential of the youth, the future generation, their innovative, inventive, and creative nature. The Government of Saint Lucia has placed great emphasis on harnessing this potential by placing the portfolio of the Youth Economy under the direct supervision of the Prime Minister of Saint Lucia.
The Youth economy is viewed as a catalyst for economic growth and national development and is expected to turn the ideas, dreams and hobbies of the youth into viable, sustainable, business opportunities.
Buying, supporting, investing in local products and services will keep our monies circulating within our local economy and create greater opportunities for livelihoods and businesses to thrive. But what are the hindrances to and or opportunities in fully embracing the Love Saint Lucia Campaign? At its core, this campaign is geared at improving the economic growth of Saint Lucia at all levels in society.
Covid-19 has dealt a devastating blow to both the health and economic well-being of Saint Lucia, the region, and the rest of the world. This has called to mind the importance health and wellness plays in sustaining national development and economic growth.
