Earlier 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 MoreIt was a carnival atmosphere in the streets of Anse La Raye last week as the Anse La Raye Infant School staged a reading street parade, reimaging education and literacy in a different space. Principal at the school, Albert Joseph endorsed the event and the innovativeness of the teaching staff in making learning fun.
Read MoreThe 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.
Read MoreSaint Lucia’s Inland Revenue Department (IRD) and CARICOM, in association with the Organisation for Economic Co-operation and Development (OECD) and the World Bank Group, conducted a four-day regional workshop on ‘Foundational Transfer Pricing.’ The training workshop brought together Technical Tax Administration and Ministry of Finance officials from the Caribbean to learn the underlying transfer pricing principles and discuss potential legislative and administrative considerations to address transfer pricing.
Read MoreThe Caribbean Digital Transformation Project held the Official Digital Device Hand-over Ceremony on Friday 26th May 2023 at the Finance Administrative Centre in Pointe Seraphine. The ceremony saw the symbolic presentation of 4,860 digital devices inclusive of 450 laptops for Public Officers graded 15 and above, 2,210 tablets for primary schools, and 2200 laptops for secondary schools.