FinanceNewsSaint Lucia

ST. LUCIA-ECONOMY-St. Lucia government concerned over high non-performing bank loans

CASTRIES, St. Lucia, CMC – Prime Minister Dr. Kenny Anthony says he is concerned about EC$150 million (One EC dollar = US$0.37 cents) in non-performing bank loans, vowing that the problem has to be resolved.

“This is not an issue to be tackled by one country alone, but by all of us in the financial space that we occupy,” Anthony said as he addressed the 50th anniversary of Scotiabank operations in St. Lucia.

Anthon, who is also finance minister, said if this is going to be achieved then the gulf between the financial sector and the government that makes the decisions must be addressed.

“The time has really come for us to be one team, one partner, but protecting our respective interests, but at the same time addressing the common interest of the jurisdiction that we manage,” the Prime Minister said.

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