Wednesday, August 10, 2022

Hippolyte Hails The Role Of Cooperatives In National Development

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Minister for Cooperatives Emma Hippolyte has praised the role of cooperatives in Saint Lucia’s economic, social and cultural development.

But Hippolyte also acknowledged the sector’s challenges, especially those affecting small and rural cooperatives.

She said the government has pledged to further strengthen and reposition the cooperatives sector to enhance its efficiency and maximise members’ benefits.

In this regard, Hippolyte noted that the Cooperative Societies Act and Cooperative Societies regulations have been under review as far back as 2008.

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And she disclosed that the government is committed to finalising the legislation.

The aim is to improve governance, and accountability and achieve effective management, while protecting members’ investment.

“The finalisation of the legislation is a priority for my government,” Hippolyte declared in a message Saturday to mark International Day Of Cooperatives.

The Minister revealed that final consultations on the Cooperative Societies Bill and regulations with the various sectors are taking place.

She indicated the legislation would be before parliament ‘in the next few months’.

In addition, Hipployte said the Ministry of Agriculture and her Ministry had engaged fishers’ cooperatives to determine factors hindering their progress.

She announced the establishment of a technical committee to address those issues and modernise the operations of the fishers’ cooperatives.

Hippolyte disclosed plans for a similar approach for farmers’ cooperatives.

“We will leave no stone unturned in boosting the capacity and efficiency of our fisher and farmer cooperatives as they play a vital role in our Island’s food security,” the Soufriere MP stated.

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Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

3 COMMENTS

  1. Co-operative should be encouraged more to be formed, especially credit union co-operatives. Unfortunately the puplic is not fully informed on the necessity and role of co-operatives in the development of national growth, thereby giving them a bad name due to misinformation.

    The Department of C-operarives, with assistance from the Min of Commerce should embark on a national drive/expo to get more people involved in such a venture.

  2. Oh yes they have really contributed to our national development. Some of them like Jannou and Laborie will put any bank in the shade and they really do care about the development of their members. However there is one drawback and the regulatory body needs to investigate some of these Boards. Too often people volunteer to be on these boards to embezzle members funds.

  3. Man update this platform better than that! People get shot by road and one found on a beach! Was he fishing smh

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