Pierre: Youth Economy First Step In Transforming Saint Lucia Economy

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Prime Minister Philip J. Pierre has declared that the Youth Economy is the first step in transforming the Saint Lucia economy, driven by technology, innovation, and entrepreneurship.

In his budget policy statement Tuesday, he described youth unemployment, which is high on the Government’s priority list, as one of the country’s major challenges.

According to the Castries East MP, youth disenchantment continues to be a perennial problem.

He noted that over 15,000 young people are unemployed despite several youth-related business programmes conducted by NGOs and local public and private sector agencies.

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“It is because my administration believes that every young person, irrespective of their socio-economic circumstances has the potential to make a positive contribution to the development of their community, that we have taken up the responsibility to address the apparent deficiencies in the existing youth-related business programmes,” Pierre stated.

The Minister of Finance announced that a statutory body with its own board of directors would manage the Youth Economy to avoid unnecessary bureaucracy and make timely decisions.

The statutory body will collaborate in formulating outreach programmes in communities with public and private sector social partners, emphasising at-risk, urban, and rural youth.

Pierre said the body would address the areas of training, marketing, finance (loans and grants), and mentorship.

Pierre announced that an amount of EC$10 million is provided for the Youth Economy in the Estimates for 2022/23.

“Mr. Speaker, talented youth from low-income families should not be denied the opportunity to monetise their skills because they cannot afford the necessary equipment. Talented young athletes should no longer be denied the opportunity to participate in regional or international competitions because of the lack of access to finance, to purchase sporting gear, and to secure travel arrangements,” the Prime Minister declared.

And he indicated that the Government would correct “these impediments.”

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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.

6 COMMENTS

  1. Mr Pierre what is the youth economy? I read this article and I am non the wiser in understanding what the youth economy entails….if someone says the tourism economy, that is immediately clear what is being said…but the youth economy? Don’t really know what that entails….If by youth economy you mean unemployment, you are correct on that one Mr PM….if there is a youth economy then by a process of logic, there is an adult economy….so you see this youth economy is a red herring…if however you are taking steps to improve the employment stats among the youth then that requires tact…not sure creating bureaucratic entities is the way forward…what the youth need is employment when they leave college or university and for those who are not academic, the ability to pursue their area of interest by professional training in joinery, mechanics, farming, art, sculpture, etc etc..you speak only of sport Mr PM…is that all your cabinet could come up with? I can surely give your government some bright ideas ..we need visionaries in St Lucia…we could truly revolutionise our economy which is too heavily dependent on Tourism….

  2. When you’ll can build an affordable university on island so that foreigners dont take all the good jobs I will take notice otherwise everything you’ll say is just hot air

  3. Yoi guys called politicians belong in the circus and Harlem globe trotters, you are all phocking clowns. Red,yellow, white, purple, green, pink, orange, green all of you are undeserving and really a waste.

  4. “The Minister of Finance announced that a statutory body with its own board of directors would manage the Youth Economy to avoid unnecessary bureaucracy and make timely decisions”……..well well well. I guess that’s the catch. More board positions for the ‘haves’ while they piss in the eyes of the ‘have-nots’ and tell them that it’s rain. Politicians I tell you boi…….Jah know! Sigh.

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