The Deputy Prime Minister of Saint Lucia, Ernest Hilaire, has recently updated a piece of information regarding the launch of the Micro, Small and Medium Enterprises (MSMEs) Grant Loan Facility by the Ministry of Commerce held at the Finance Administrative Center.
According to the updates, Deputy Prime Minister of the Caribbean Island, Hilaire, took to his official social media handle to share the good news with the residents and citizens of the nation. In his remarks, Ernest Hilaire noted, “We are investing in our people.”
While addressing the significance and benefits of the event and the launched MSME Loan-Grant Facility, he further explained the importance of boosting the business and startup culture in Saint Lucia among the young generations specifically. He added, “They are the lifeline of our growing economy, and we must provide them with the necessary tools and resources to develop and succeed.”
Meanwhile, the Minister for Tourism, Investment, Creative Industries, Culture and Information of Saint Lucia, Ernest Hilaire, also expressed his immense joy and happiness following the launch of the facility for the general public.
Furthermore, He took it to provide all the necessary details about the launched loan facility and noted down, “The Ministry of Commerce launched the (MSME) Loan-Grant Facility at the Finance Administrative Center. This facility will provide 70% grant and 30% loan to small businesses to help them build capacity.”
Moreover, the initiative was launched to support and assist in the promotion of small-scale businesses and startups in Saint Lucia, which could play a vital role in promoting the nation’s economy. Hilaire shared his thoughts, “We need to have faith in our people that they will succeed. We are a talented nation with the potential to compete on the world stage.”
Additionally, he encouraged the people of the country to have faith in each other and move forward towards excellence together, and he noted, “Let us have faith in one another and invest in our people for the development of themselves and our economy and island as a whole.”
On the other hand, the Prime Minister of Saint Lucia, Philip J Pierre, also took to his official social media account to extend congratulatory messages to the residents of the nation. He penned, “As I spoke recently at the launch of the Youth Economy Agency Saint Lucia, my administration aims to provide the framework that will allow our people to become creators of wealth in our country.”
In the end, PM Pierre assures the people as the government of Saint Lucia will continue to provide the much-needed opportunities and funding and ask that our entrepreneurs remain disciplined in their endeavours.