Saint Lucia is being recognized as a leader in debt management among sub-regional territories, owing to its effective policies and strategic reforms.
The Commonwealth Secretariat has highlighted the island as a model for public debt management in Small Island Developing States (SIDs), praising its achievement in reducing the debt-to-GDP ratio from over 90% in 2020 to 74.5% in 2024.
This success is the result of comprehensive reforms, modernized legislation, targeted capacity building, and the adoption of technology. The government’s proactive fiscal policies have not only stabilized the nation’s debt profile but have also unlocked resources for sustainable development and economic growth.
Imran Williams, Director of Finance,…