Parliament Appoints Committees
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Parliament Appoints Committees
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Contact: Shannon Lebourne
Tuesday, March 20, 2012 – The Parliament convened on Tuesday March 20th, 2012 with the appointment of several committees to ensure the efficient running of the business of the state.
In addition a number of Statutory Instruments (SI) were laid by Government Ministers including the Honourable Harold Dalson Minister for Social Transformation, Local government and Community Empowerment who called for the appointment of thirteen District Councils.
Prime Minister and Minister for Finance Honourable Dr Kenny D. Anthony was also authorised to guarantee a Line of Credit in the amount of EC$5 million for the repayment of a loan obtained by the Saint Lucia Development Bank SLDB for loans to approved sectors of the economy.
“It is expected that these loans will assist the productive sector in particular agriculture, tourism and industry and sub-loans will be provided to students from financially disadvantaged households who are pursuing tertiary education programmes offered by regional and extra regional institutions; so the net result should be increased investments in agricultural diversification, continued development of small and medium enterprises and naturally of the business community; increased low and middle income housing loans to improve quality and stock and generally the advanced training of individuals at the technical, vocational and professional levels,” Prime Minister Anthony explained.
The Prime Minister also received permission to guarantee EC$5 million towards the repayment of a loan by the SLDB for on-lending to approved sectors.
Prime Minister Anthony noted the concessionary nature of the loan which was secured from the Caribbean Development Bank. “This loan will have clear micro economic impact throughout the economy and this loan comes at a very timely period in the economy of this country, I should add that the loan was of course negotiated by the former administration but we have no objection to the loan; the terms are good, they are generous and worthy of support on both sides.”
Tuesday sitting of Parliament was characterised by commendations to and from the Prime Minister and the Opposition Leader. |
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