The Financial Services Regulatory Authority (FSRA) founded in 2014 is responsible for overseeing various sectors within Saint Lucia’s financial industry, including insurance, credit unions, money services, the international financial sector, and the virtual asset business sector.
Read MoreThe NCPC celebrated a successful Productivity Awareness Week from the 9th to 13th of October 2023. The mix of activities for the week saw participation from secondary school students, the business community, public sector officials, NGOs among others as the NCPC also celebrated a decade of existence.
Stakeholders from the banking, cooperative, and credit union sectors joined officials from the High Court and National Competitiveness and Productivity Council (NCPC) to agree on a transition date for the Security Interest in Movable Properties Registry. Lisa Florent-Montoute is the Director of the NCPC.
Read MoreThe Attorney General’s Chambers has announced Saint Lucia’s completion of its 2022 Money Laundering and Terrorist Financing National Risk Assessment. The National Risk Assessment forms a critical part of Saint Lucia’s effective application of its risk-based program. The risk assessment allows the country to identify, assess, and understand its exposure to money laundering and terrorist financing and implement measures to mitigate the identified risks.
Read MoreThe National Competitiveness and Productivity Council (NCPC) will celebrate its 10th Anniversary during Productivity Awareness Week from October 9th to 13th 2023. The Theme for this year’s observance is “Journey to Excellence: Leveraging Opportunities for Collective Advancement.”
Read MoreSaint Lucia’s Collateral Registry of Movable Assets has reached another milestone in the implementation phase. The Collateral Registry is an online database of movable assets that supports the Security Interest in Movable Properties Act passed by Parliament in 2022. The National Competitiveness and Productivity Council (NCPC) has spearheaded the coordination and implementation of this legislative reform which is projected to boost economic activity in Saint Lucia by making access to finance easier for micro, small, and medium enterprises. Economist and Project Lead at the NCPC, Sharma Mathurin, highlighted the significance of this phase of the project.
Read MoreThe government’s policy decision to implement a Health and Security Levy of 2.5% on select goods and services has the public and key stakeholders requesting clarification and information on the details of its implementation. In response, the Inland Revenue Department (IRD) has deployed officers to numerous VAT-registered entities to clarify how the Levy is to be applied. Felicia Elie is the Ag. Deputy Comptroller at the IRD.
Read MoreThe Caribbean Digital Transformation Project, with funding support from the World Bank, moved a step closer to reducing the digital divide for clients of the St. Lucia Blind Welfare Association (SLBWA). Project Coordinator of the Caribbean Digital Transformation Project, Francillia Solomon this week launched a two-week digital literacy-training programme for blind and low vision clients of the SLBWA. Digital literacy opens doors for the marginalized and at-risk, by bridging the gap between opportunity, knowledge, innovation, and economic growth.
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