Prime Minister Allen Chastanet Wednesday announced a drop in Saint Lucia’s unemployment rate.
Writing about the decline later on his official Facebook page, Chastanet disclosed that youth unemployment saw a “very encouraging decline” for first quarter of 2019.
A recent statement from the Department of Statistics has revealed that Unemployment in Saint Lucia has seen further declines when compared to the same period last year (Jan-Mar), the PM wrote.
He explained that for the first quarter of 2019, overall Unemployment declined from 21.80% in 2018 to 15.5% this year and youth unemployment from January to March this year declined from 38.78% in 2018 to 25.9% in 2019.
Chastanet announced the figures as a delegation from the Overseas Private Investment Corporation (OPIC) wrapped up a visit to this country.
The delegation visited some sites for investment in Saint Lucia.
It as led by Acting President and CEO of OPIC, David Bohigian.
“We look forward to working closely with the US and OPIC on the development plans for our country. Saint Lucia has been showing some definite signs of progress and the level of investment in our country is continuing to grow. The purpose of engaging agencies such as OPIC is to continue to stimulate economic growth,” Prime Minister Chastanet wrote on his Facebook page.
“We thank the OPIC team for visiting Saint Lucia and look forward to working with them to implement projects that impact and change lives,” he stated.