Saint Lucia: Prime Minister Philip J Pierre announced his support for the Bank Saint Lucia Global Investment Fund in his keynote speech in the Official Gazette. The establishment of the fund is an important milestone for Saint Lucia; economic landscape, strengthens investor confidence and supports the government and the overall goal of promoting sustainable economic development.
Aimed at improving investment opportunities and supporting economic growth, the fund was praised by Prime Minister Pierre for its innovative approach and potential benefits to investors and the Saint Lucia economy. He emphasized the government’s commitment to implementing a strategic economic policy aimed at encouraging investment and economic flexibility.
Bank of Saint Lucia Global Investment Fund is an important step in promoting financial inclusion and wealth in Saint Lucia and beyond. As a professionally managed investment vehicle, the fund pools resources from various investors to strategically invest in multiple securities, including stocks and bonds, with returns and risks shared among participants.
Prime Minister Pierre emphasized the importance of the fund and its launch to advance the economic agenda of Saint Lucia, citing its potential to attract foreign investment, promote job creation and promote overall economic development. He emphasized the government’s commitment to promoting an environment conducive to investment and innovation, and emphasized the key role of public-private partnerships in promoting sustainable economic growth and prosperity.
The support of the Prime Minister and the Foundation is in line with a recent analysis by Caribbean Information and Credit Rating Services Limited (CariCRIS), which rated Saint Lucia at BBB+ (Adequate) for its income and financial structure. The rating BBB+ (Adequate) shows the effectiveness of government and economic policy to promote investments and economic development.Since Prime Minister Pierre’s administration took office in July 2021, it has helped attract foreign direct investment and secured and completed more than $2.5 billion in foreign direct investment projects.
This unwavering commitment to foster economic growth through foreign direct investment underscores the attractiveness of Saint Lucia as an investment destination under the leadership of Prime Minister Pierre.
The launch of the Bank of Saint Lucia’s Global Investment Fund represents a concerted effort to diversify Saint Lucia’s investment landscape, offering domestic and international investors opportunities to participate in the country’s economic growth. With the unwavering support of Prime Minister Pierre and the support of reputable credit rating agencies, the fund is poised to make a significant impact on the economy of Saint Lucia and for years to come.