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How does Saint Lucia recover from 2020’s Economic Windfall?

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In a May 20th report captioned “At our Worst”, Senior Political Correspondent Miguel Fevrier took a Comprehensive look at the ECCB’s Annual Economic & Financial Review for 2020, which concluded, among other things that Saint Lucia’s economy saw the greatest decline in 2020 among independent OECS territories. The report also predicted a small rebound for the economy in 2021. In this comprehensive follow-up Miguel sought the view Richard Peterkin, Partner at Grant Thornton Windward Islands.

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Business

COVID IMPACTED BUSINESSES TO BE SUPPORTED THROUGH SLDB

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Local business have been extended a new line of support expected to be initiated through oversight of the Saint Lucia Development Bank. Efforts to assist entrepreneurs in the acquisition of financing have received the backing of the European Investment Bank, to the tune $5 Million USD.

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Business

Restaurant reopens after being damaged by fire

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Tasty Barn Authentic Food and Drinks has encouraged businesses to follow fire and health protocols while operating particularly during the covid19 pandemic. The restaurant which had been closed for more than four months following a fire reopened with a new look on Thursday.

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Business

DISTANCE LEARNING DEPRESSES SMALL BUSINESS SECTOR

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The resumption of face to face, in-person learning now indefinitely postponed to limit COVID-19 infections among school aged students has apparently dried up business for sections of the island’s small business sector.

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