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P1. Stimulating the Economy

Curtail the impact of both global and domestic economic contraction on the economy, by providing a suite of fiscal policy interventions that will enable private sector business continuity and afford an environment for economic growth and expansion.

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Status

On-Going

 

Strategy No.

Recovery Strategy [1]: Stimulating the Economy

Implementing Agency

Cost (EC$ Million)

Status

2

Provide blended (loan/grant) support to Medium, Small and Micro Enterprises with a focus on food security and adoption of digital technologies.

Saint Lucia Development Bank (SLDB)

$8.40

3

Waiver of commercial property tax for landlords who extend moratorium or rent reductions to their tenants.

$2.50

4

Electricity Assistance Program for persons adversely affected by COVID-19

$5.10

5

Waiver of duties on personal hygiene products.

$5.00

6

Increase in the subsidy on flour purchased by bakers.

$0.30

7

Working Capital Injection Program

$5.00

8

Waiver of route-permit license renewal fees for Minibus Operators and Permit Holders

$0.90

9

Waiver of duties for the purchase of vehicles for Taxi Operators

TBA

On-going

10

Waiver of duties for the purchase of vehicles for Minibus Operators

TBA

On-going