Mon | Sep 24, 2018

St Lucia Opposition demands report on state of economy

Published:Thursday | November 13, 2014 | 2:59 PM

St Lucia's main opposition United Workers Party is calling on the Kenny Anthony administration to provide a report on the state of the local economy.

Opposition leader Allen Chastanet at a press conference last night said the time has come for government to stop hiding the truth.

Chastanet said his party is concerned that a recent International Monetary Fund report indicates that the local economy has contracted by 1.1 per cent this year.

Last year, the IMF said St Lucia had already contracted by 2.4 per cent.

The Opposition leader said this trend is troubling particularly when it comes to creating new opportunities for locals.

The opposition leader also referred to the 'Ease of Doing Business Report' where in 2011 St Lucia was at number 53 - the second highest in the Caribbean.

However, in the 2015 report St Lucia's ranking dropped 47 places and the island is now ranked eighth in the Caribbean.


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