stluciatimes, caribbean, caribbeannews, stlucia, saintlucia, stlucianews, saintlucianews, stluciatimesnews, saintluciatimes, stlucianewsonline, saintlucianewsonline, st lucia news online, stlucia news online, loop news, loopnewsbarbados


Pierre Extols BOSL Global Investment Fund


Prime Minister Hon. Philip J. Pierre expressed his support for the Bank of Saint Lucia Global Investment Fund (the Fund) during his keynote address at the official launch on February 1, 2024.

The establishment of the Fund marks a significant milestone in Saint Lucia’s economic landscape, bolstering investor confidence and supporting the government’s overarching goal of fostering sustainable economic development.

The Fund, an initiative aimed at enhancing investment opportunities and bolstering economic growth, garnered praise from Prime Minister Pierre for its innovative approach and potential benefits to investors and the economy of Saint Lucia.

He underscored the government’s commitment to implementing strategic economic policies aimed at fostering investment and economic resilience.

The Bank of Saint Lucia Global Investment Fund represents a pivotal step in promoting financial inclusivity and fostering wealth creation in Saint Lucia and beyond.

As a professionally managed investment vehicle, the Fund pools resources from diverse investors to strategically invest in a range of securities, including stocks and bonds, with returns and risks shared amongst participants.

Prime Minister Pierre emphasized the significance of the Fund’s launch in advancing Saint Lucia’s economic agenda, citing its potential to attract foreign investment, stimulate job creation, and fuel overall economic development.

He underscored the government’s commitment to fostering a conducive environment for investment and innovation, underscoring the critical role of public-private partnerships in driving sustainable growth and prosperity.

The Prime Minister’s endorsement of the Fund aligns with the recent analysis by Caribbean Information and Credit Rating Services Limited (CariCRIS), which bestowed Saint Lucia with a BBB+ (Adequate) rating for its Income and Economic Structure.

The BBB+ (Adequate) rating indicates the efficacy of the government’s economic policies in stimulating investment and economic development.

Since assuming office in July 2021, Prime Minister Pierre’s administration has been instrumental in attracting Foreign Direct Investment (FDI), securing and finalizing over $2.5 billion in FDI projects.

This steadfast commitment to driving economic growth through FDI underscores Saint Lucia’s appeal as an investment destination under Prime Minister Pierre’s leadership.

SOURCE: Office of the Prime Minister


Any third-party or user posts, comments, replies, and third-party entries published on the St. Lucia Times website ( in no way convey the thoughts, sentiments or intents of St. Lucia Times, the author of any said article or post, the website, or the business. St. Lucia Times is not responsible or liable for, and does not endorse, any comments or replies posted by users and third parties, and especially the content therein and whether it is accurate. St. Lucia Times reserves the right to remove, screen, edit, or reinstate content posted by third parties on this website or any other online platform owned by St. Lucia Times (this includes the said user posts, comments, replies, and third-party entries) at our sole discretion for any reason or no reason, and without notice to you, or any user. For example, we may remove a comment or reply if we believe it violates any part of the St. Lucia Criminal Code, particularly section 313 which pertains to the offence of Libel. Except as required by law, we have no obligation to retain or provide you with copies of any content you as a user may post, or any other post or reply made by any third-party on this website or any other online platform owned by St. Lucia Times. All third-parties and users agree that this is a public forum, and we do not guarantee any confidentiality with respect to any content you as a user may post, or any other post or reply made by any third-party on this website. Any posts made and information disclosed by you is at your own risk.


  1. Timing is very important on investing, research the interest rate and business cycles and figure out of this is the right time.

  2. The idea is fine, but, how can he implement such?
    Business is One part, but you also have to manage your Business successfully..I encourage the management skills also… just sharing the knowledge..


Please enter your comment!
Please enter your name here


Subscribe to our St. Lucia Times Newsletter

Get our headlines emailed to you every day.

Share via
Send this to a friend