The private sector invited to contribute to the creation of a new economy for young people

Castries, Saint Lucia, Wednesday November 24, 2021: – The government calls on the private sector of the island to join it in creating the conditions allowing the young people of the island, at home and abroad, to participate in the development of the youth economy.

Prime Minister Philip J. Pierre made the call on Monday during an address at a launching ceremony for the Youth Economy Ministry.

Addressing his government’s quest to make the new ministry work for the island’s youth, Prime Minister Pierre said: “This will require financial innovation, including reform of the institutions that currently provide financial facilities.

He added: “Our young people must be allowed to pursue their desires and interests without the structures of a bureaucratic system that leads them to anger and frustration.

“However, they must be disciplined and engaged in their business and strive for global standards and efficiency.”

But their success, according to the Prime Minister and Minister of Finance – who will also head the new ministry – will absolutely require the support of the private sector.

He therefore called on “our private sector” to “join forces with the government in our efforts to solve the many problems that plague our youth”.

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