11th December 2022
Pierre Administration secured more than XCD 277 million from a loan agreement to finance part of the 2022/23 Budget
By OPM
The Pierre Administration has secured more than XCD 277 million from a loan agreement with the Export-Import Bank of the Republic of China to finance part of the 2022/23 Budget.
Prime Minister and Minister for Finance, Hon. Philip J. Pierre’s maiden People First Budget, is designed to reengineer Saint Lucia’s social and economic frameworks to encourage greater participation across the productive sectors and also strengthen government supported safety net progammes.
The Resolution authorizing the finance minister to secure the funding was debated and passed in the Lower House on December 6, 2022.
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