“We’re slipping away” – PM says about investment in St. Lucia

7
“We’re slipping away” – PM says about investment in St. Lucia
Prime Minister Dr. Kenny Anthony. * File photo
Prime Minister Dr. Kenny Anthony. * File photo

Prime Minister Dr. Kenny Anthony has lamented difficulties encountered in executing certain powers within an act which governed the National Development Corporation (NDC). These hindrances, he believes, have affected the island’s ability to attract investment.

That act was this week tabled in parliament, which saw the name NDC changed to Invest St. Lucia.

In addressing the House of Assembly, the finance minister explained that while the powers in the old act still exist in the Invest St. Lucia Bill, they were never fully utilised by the ministers who had responsibility for the NDC.

He said he does not believe that this was due to unwillingness on the part of the ministers, but instead, may have been a result of a lack of understanding of the culture in which those powers should have been exercised.

He further stated that the island has suffered due to this.

“Make no bones about it, our competitors are speeding up decision-making investment, we are falling back. We’re slipping away. We were number the one, best place to do business in the Caribbean [and] steadily, we are slipping. We have to remedy that.”

The prime minister further stated that with the current economic environment “where investment is so very difficult to procure, we do have to create an environment to make decisions quickly, effectively and efficiently”.

In that regard, he welcomed the new Invest St Lucia Bill. This piece of legislation gives additional powers to Invest Saint Lucia to carry out its mandate as a “one stop shop.”

“This is why this act is so very important. We must liberate Invest St. Lucia from where it is. Invest St. Lucia cannot be a landlord fighting with ordinary citizens over land all over the place. Once you create a proper mechanism to administer those lands and there is sufficient parliamentary control over it, then I believe that by so doing, you will be able to allow Invest St Lucia to carry out the functions that are vitally necessary for investment,” he said.

Among other bills presented at parliament which were geared at fostering investment was the Tourism Stimulus and Investment Bill, which is primarily aimed at providing greater incentives for investment within the tourism industry.

(0)(0)

No posts to display

7 COMMENTS

  1. If 200 people lost their jobs because a hotel closed down for reconstruction and then 200 people were hired to construct the hotel. Can you boast and say 200 jobs were created? Apparently Kenny Anthony can.

    (0)(0)

  2. We can start creating the environment MR PM by fixing our mess in information management. The mess a the registries,offices, courts and the lack of use of proper information systems and procedures. Some time ago the claim was public sector is over staffed. The best excuse they can give the PM is, "We operate very inefficiently, so we need even more workers".

    (0)(0)

  3. I guess we can probably blame ourselves for not attracting investors and a poor financial rating. Lucians watch your food with this man.

    (0)(0)

  4. We were number one but slipped when you took over. Kenny loves to blame everybody when there is a problem but loves to take all credit when something positive happens. He was the heavy critic of the former administration. On the media everyday on issues such as Tomas reconstruction. We are now half way in his administration and it is left here to see the progress he has made.
    Even criticizing his tools when necessary.
    I must say this current administration's performance is VERY POOR. They have failed to create investments "so why not blame the law". They have failed to curb crime why not blame ordinary people. Why not blame the DPP office and no working forensic lab and "the system". While party hacks continue to draw big salaries in foreign missions and many consultants on pay role. For that why not blame "an overstaffed Civil Service. I also think that we can blame Mary Francis for not one word about the investigation into the death of Chakadan? Why not blame somebody else apart from the person who is getting paid to see about these things?

    (0)(0)

  5. There is too much accepted corruption, malfeasance and borbol in society and by MPs and politicians in general. We and the UWP even voted into parliament scum from US jails.

    One-stop investor facilitation is just a very good first step. It is not the end-all or be-all, making for an extremely competitive investor climate.

    Unfortunately, the PM can only see continuous hotel construction, perhaps creating medium- to long-term over-capacity, and a nation full of possibly low-end bell hops and maids in attendance, if the tourists come, as our future. A ribbon of especially hotels skirting the coastline, dumping waste and destroying the very thing that the tourists came to enjoy is unsustainable. It is extremely myopic.

    (0)(0)

  6. Wish you haven't said you will discourage investors into the country whilst in opposition . But be patient you implemented some good mechanisms give it time it will work .....just easy with the bickering

    (0)(0)

Comments are closed.