Prime Minister, Allen Chastanet, has urged his countrymen to control their own destiny recognising that patrimony is measured in credit ratings.
“The world is a selfish place,” the Prime Minister said.
He was addressing the official opening ceremony of the Royalton Saint Lucia Resort and Spa on Thursday night.
“In controlling our destiny it is with the understanding that patrimony today is measured in my mind by one thing and one thing only – our credit rating,” Chastanet declared.
According to the Prime Minister, if you cannot go to the table and negotiate from the position of a viable entity then there is nothing to leverage.
“I see some countries in the world who protect their credit rating as if it is all that they have and this is something that throughout, unfortunately, the Caribbean we have not come to appreciate,” he told his audience.
Chastanet said that viability is required to negotiate on one’s own terms.
“The greatest opportunity for viability – the industry that can generate the greatest amount of growth, jobs and more importantly that can create the greatest amount of opportunity for other industries to grow, is tourism,” the former Tourism Minister told his audience.