The beauty of the majestic Piton mountains, vibrant culture, dazzling beaches and the lush landscape of Saint Lucia are invaluable assets. The country also takes pride in having two Nobel laureates, which is remarkable for a nation with a population of over 180,000.
However, as is true for many other small island developing states (SIDS) in the Caribbean, the picture of economic stability is not as rosy.
In 2020, the country’s public debt-to-GDP ratio was over 90%, due in part to the deleterious effects of the coronavirus pandemic, and by 2024, this ratio was reduced to 74.5%. This dramatic reduction has freed up funds which can now be invested in projects that spur growth and enrich the lives of Saint…