The government of Saint Lucia is seeking to further edu-business sector through the designation of Vieux-Fort as a “University Town.”
The government’s thrust to the edu-business sector comes amidst efforts at exploring non-traditional areas of economic growth for business development.
Prime Minister and Minister for Finance, Dr. Kenny D Anthony, stated that with the increased globalization of higher education there are substantial economic benefits.
“Many countries both regionally and internationally have ‘exported’ education services by facilitating the development of offshore campuses. The economic benefits to edu-business are clear: they attract students who may not have otherwise attended these institutions at home. The benefits for the host country are also obvious: students spend significant amounts in accommodation, food, entertainment and other services,” he said.
In an effort to develop this investment the government has designated Saint Lucia’s second town, Vieux-Fort, as “University Town”.
“Cognisant of the benefits of offshore universities and to position Saint Lucia to benefit from these opportunities, government will first establish an appropriate regulatory framework for the sector. This will include, inter alia, provisions for accreditation. The proposed legislation will include provisions to establish a National Accreditation Council of Saint Lucia, which will be responsible for the evaluation, accreditation and re-accreditation of all external tertiary level institutions and programmes.”
The ultimate aim of these reforms is to increase the number of offshore medical students and government intends to work through Invest Saint Lucia, with existing medical schools, to increase the size of the campuses and expand enrollment.
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