Push to stimulate sluggish St Lucia economy
Thu, August 23, 2012 - 9:43 AM
CASTRIES, St. Lucia – The St Lucia government has launched a multi-million dollar stimulus package it is hoping would help turn around a sluggish economy.
Prime Minister Dr Kenny Anthony said the construction stimulus programme would help address some of the worst financial conditions now being experienced in recent years and praised the private sector for contributing towards the reality of the fiscal package.
“If we are going to cause the turnaround in the economy, then every single one of us has to make a sacrifice. We need each other and we need each other badly.
“While government is taking the lead to forego over EC$45 million (One EC dollar = US$0.37 cents) in revenue to execute this programme, I am heartened at the response and eagerness that has been demonstrated in particular by the banking sector, the Chamber of Commerce and the Bar Association.” (CMC)
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