Tag: Debt

Prime Minister Philip J Pierre’s Secrets: 6 Revelations Unveiled

Transparency is essential in democracy, yet recent developments suggest Prime Minister Philip J. Pierre may be keeping significant information from the public. Here are six critical issues raising concerns: 1. $400 Million Increase in Debt In 2023, Saint Lucia’s debt surged by $400 million, straining financial stability. The Prime Minister’s silence on this issue leaves questions about the government’s fiscal…

Philip J Pierre continues his borrowing Spree

During today’s sitting of Parliament, Prime Minister Philip J Pierre will do the following borrowing:  1)$10 Million US  2)$80 Million EC for the National Lotteries Authority: He did this a few weeks ago, why is he coming back with this same loan? Something is fishy!  3)$64.1 Million EC in Government bonds  4)$477.3 Million EC in bonds and treasury bills will…

Prime Minister Philip J Pierre and Sports Minister Kenson Casimir Under Fire for Lack of Transparency in Sports Facilities Upgrades

Prime Minister Philip J Pierre and Sports Minister Kenson Casimir are facing criticism for their handling of the upgrades to major sports facilities in Saint Lucia, particularly concerning transparency and accountability in expenditure. The ongoing renovations to the Daren Sammy Cricket Ground, Gros Islet Playing Field, and Mindoo Philip Park have raised concerns among Saint Lucians due to the lack…

The Controversial $1 Billion Borrowing Amidst Assurances of Fiscal Prudence

When a leader takes the reins of a nation, their words carry the weight of expectations, hopes, and promises. In the case of Prime Minister Philip J Pierre, his swift departure from a key campaign pledge has raised eyebrows and prompted concerns. Just two years into his term, the Prime Minister’s administration has borrowed a staggering $1 billion, a stark…