The Saint Lucia government is working ‘diligently’ to design a Diaspora Investment Programme, in response to expressions of interest by Saint Lucian nationals overseas.
“We are working diligently to design a Diaspora Investment Programme as many of you have expressed a desire to explore gainful investment opportunities at home,” Prime Minister Philip J. Pierre disclosed.
Pierre, responsible for Finance, Economic Development, and the Youth Economy, acknowledged the active role Saint Lucians in the diaspora play in national development.
He mentioned their remittances, charities, investment, knowledge, and skills-sharing.
“You are our best ambassadors, and I look forward to us remaining engaged and exploring opportunities that will benefit our beloved country,” the Saint Lucia Prime Minister wrote on Facebook.
He said he was pleased to engage with familiar and new faces at a Town Hall meeting in London on Saturday.
Pierre also observed that the Diaspora represents Saint Lucia’s surest market presence in the global village.
“Your commitment to our country is appreciated,” Pierre stated.
In addition, he recalled that Cabinet has decided to extend Saint Lucian citizenship to the children of second-generation Saint Lucians in the Diaspora so they, too, can have a stake in Saint Lucia’s development.
This is a positive development, as diaspora investment can play a significant role in promoting economic growth and job creation. Other countries have done this and one common approach is to offer financial incentives to diaspora members who invest in certain sectors of the economy, such as agriculture, tourism, or manufacturing.
Another approach is to provide diaspora members with access to specialized investment advisory and business development support.
I am pleased to see that the Saint Lucian government is committed to developing a Diaspora Investment Programme. I look forward to learning more about the specific design of the programme and how it will be implemented.
As a diasporian I won’t invest in this country given its current state. I visit from time to time and I have noticed that it is largely dysfunctional,(legal system, medical, crime, societal order). Likely a result of rampant corruption. It is akin to a rudderless ship. It would take a brave soul to park their money in such a country that can crumble at any time.
I read the whole article for one reason only: To find an enumeration of the “gainful investment opportunities” hinted by Pip!
Needless to say, I was not disappointed. None were mentioned! Pip was just blowing smoke to obscure his lack of understanding of the current global economy, as well as of the St. Lucian economy.
Once the smoke cleared, one understood that he is either utterly delusional, or he has fallen under the spell of snake oil salesmen like Gene (at CDB) or little Timmy (at ECCB), who are only concerned with their own status, instead of the economic well-being of the region. We are led to believe that this program is a “response to expressions of interest by Saint Lucian nationals overseas”…n1gg@, please!
Here is an economic discussion which is based in reality, for our times:
Derivatives and the Coming Collapse (what you don’t know will kill you)
https://rumble.com/v3plqq4-derivatives-and-the-coming-collapse-w-alex-at-reporterfy-live.html
I AM A DIASPORIAN AS WELL AND I AGREE , I WOULD NOT INVEST EVEN IF I HAD ANY INTENTION. MY PLAN WAS TO RETIRE ON ST LUCIA BECAUSE I HAVE SOME PROPERTY, BUT THE WAY THINGS ARE ESPECIALLY THE CRIME AND THE NO ATTENTION TO CITIZENS ESPECIALLY THE SENIORS NO THANK YOU, I WILL CONTINUE TO VISIT EVERY YEAR AND RENT MY PROPERTY, UNTILL I CANT ANYMORE.
I SPENT SOME TIME IN ST.LUCIA
FROM THE U S ALL I CAN SAY IS ST.LUCIA
IS CONTROLLED BY ILLITERATE BOYS
CALLED BOSSES