Debt Management | St. Lucia Chamber of Commerce Industry & Agriculture

Chamber Objectives

Update

A plan for the management of national debt which examines all options for averting crisis.

Debt has escalated to above 85% of GDP primarily due to COVID-19 Crisis borrowing.

Debt associated with the HIA has also been an issue, which the Government spoke to pointing out that debt servicing was taken account of with a specific user fee in the form of an Airport Development Tax, which is already accumulating funds.

Government indicated that due to dramatic loss in revenue and drop in economic activity, debt will have to increase.

Additionally some major projects had been programmed and were continued as part of GOSL counter cyclical measure to stimulate economic activity and employment during pandemic.

Frequently asked questions

Where is the St. Lucia Chamber of Commerce located?

The St. Lucia Chamber of Commerce, Industry and Agriculture is located at Orange Park Commercial Building, 1^st Floor, Bois D’Orange, Gros Islet.

Is the chamber of commerce part of the government?

While most chambers work closely with government, they are not part of government

What are the benefits of being in the chamber of commerce?

Advocating on behalf of members with the public sector. Increased visibility and credibility. Business training and education information sharing and networking.

What is the main purpose of the chamber of commerce?

A chamber of commerce is an organization of business owners and entrepreneurs who promote the interests of their local business community. Chambers of commerce provide access to valuable resources, discounts, and relationships that help businesses save money and market their products.

What powers does the chamber of commerce have?

Chambers of Commerce will act to promote public policies that are in the best interest of business, in general. Specific Chambers of Commerce may also attempt to promote policies that serve specific industries or geographic locations.