You may click to download the resources below or view the resource in your browser where available.

ESTIMATES OF REVENUE AND EXPENDITURE 2021-2022 | Publications | 2021-03-24 14:00:02

ESTIMATES OF REVENUE AND EXPENDITURE 2021-2022

Filename: soft-copy-draft-estimates-2021-2022.pdf | Size: 8.25 MB
Downloads: 8768

PROTOCOL ON PUBLIC PROCUREMENT FOR THE CARIBBEAN COMMUNITY | General Information | 2021-03-11 08:17:57

Article 239 of the treaty of Chaguaramas requires member states to elaborate a protocol relating to government procurement. The Community Protocol on Public Procurement was approved by the Conference of Heads of Government at its 30th Inter- Sessional Meeting held in St. Kitts and Nevis in February 2019. Member states are now required to sign the declaration of provisional application. The Government of Saint Lucia has passed procurement legislation which is in harmony with the provisions of the CARICOM protocol hence there are no onerous requirements associated with adopting the provisions of this protocol. The public is invited to view the protocol and procurement stakeholders are to be advised of its provisions. Concerns and queries on this Protocol can be addressed to public.procurement@govt.lc

Filename: cari-procure.pdf | Size: 264.35 KB
Downloads: 1290

Enhancing School Connectedness in Vulnerable Youth Through Arts Education: Considerations for Educat | Conference Papers | 2021-03-05 14:17:43

There is growing evidence to suggest the positive impact of arts education on vulnerable youth. Research suggests that arts education provides an outlet for vulnerable youth to develop their self-expression and improve their proficiency in communicating their dreams and fears. Art activities promote self-esteem, self-confidence, and feelings of acceptance and success (King & Schwabenlender, 1994, p. 8). Arts education also has the potential to meet a variety of developmental needs for vulnerable youth. These developmental needs include intellectual needs, physical needs, social needs, and emotional needs.

Filename: Shernel-Justin--Enhancing-School-Connectedness-in-Vulnerable-Y-outh-Through-Arts-Education-Considerations-of-Education-Systems-in-Saint-Lucia.pdf | Size: 167.90 KB
Downloads: 1092

Returns to Schooling in Saint Lucia using a Mincerian Earning Framework | Conference Papers | 2021-03-05 14:15:38

This paper sought to assess the returns to education in Saint Lucia. Having made significant public investment in education through school plant underscored by the universal primary and secondary education policy questions have emerged regarding the efficacy of this approach in the face of clear evidence that many person are go to and through school without learning which obviously defeats the purpose. Using the 2016 Survey of Living Conditions and the Household Budgetary Survey (SLC\HBS) we estimate a Mincerian Wage Function for Saint Lucia. The results show that there are huge returns to one additional year of schooling as well as one additional year of job experience. On that basis the paper suggest that Government should increase the years of schooling in Saint Lucia beyond the mandatory 5 to 15 year as per the Education Act, but the authors advocates that this increase should be in Early Childhood Education.

Filename: Returns-to-Education-in-Saint-Lucia.pdf | Size: 1.36 MB
Downloads: 1288

Strengthening Saint Lucia’s Safety Net to respond to Future Shocks | Forms | 2021-03-05 14:11:13

According to the Saint Lucia’s 2016 Survey of Living Conditions and Households Budget, annual Social Safety Net (SSN) spending average at 1.3 percent of GDP. Despite this spending, Saint Lucia’s Poverty Head Count (Poverty Rates) for three consecutive Country Poverty Assessment periods averaged at 26.3 percent. A number of deficiencies including administration, financial, infrastructural, and lack of technological application have hindered SSN system in Saint Lucia. A Granger Causality employing quarterly data from 2008 to 2019 supported that SSN spending concluded that SSN does not granger cause GDP however GDP granger cause SSN spending up to a 2 year period. Global country cases are highlighted to demonstrate how technology through the use of card based, mobile technology and biometric platforms have reduced cost and enhance operational efficiencies of SSN systems. Streamlining the SSN system and adopting global best practice can potentially enhance in Saint Lucia SSN systems.

Filename: Final-Strengthening-Saint-Lucia\'s-Safety-Nets-to-Respond-to-Future-Shocks.pdf | Size: 749.36 KB
Downloads: 1457

A Financial Inclusive Approach to Enhancing Credit in Saint Lucia | Conference Papers | 2021-03-05 14:08:24

The performance of the financial sector in Saint Lucia has been impacted by weak credit growth despite elevated deposit levels over the past decade. The paper seeks to evaluate credit dynamics in Saint Lucia by empirically investigating the main determinants of credit (..)and the relationship of credit with economic through the use of an ordinary least square regression model (1979 to 2019). The empirical findings suggest that GDP, ROA, two (2) year lag of NPL and deposits influences credit in Saint Lucia while credit impacts GDP and GDP impacts credit in the short run. Our findings also suggest that the types of loans (personal-residential) granted in Saint Lucia, despite low risk to financial institutions, has not had a significant impact on GDP. The paper uses country case examples to demonstrate strategies used to enhance credit to make economies more financially inclusive. The development of digital financial services, the establishment of a credit bureau, and the development of the microfinance industry is therefore proposed for financial development. A financial inclusive approach would allow for the services to reach the unbanked and significantly impact on economic growth in Saint Lucia

Filename: A-Financial-Inclusive-Approach-to-Enhancing-Credit-in-Saint-Lucia-10102020.pdf | Size: 564.75 KB
Downloads: 2005