Podcasts Culture Government of Saint Lucia Saint Lucia pilots Security Interest in Moveable Property Legislation in the OECS

Saint Lucia pilots Security Interest in Moveable Property Legislation in the OECS

Published: Nov. 10, 2022, 7:49 p.m.

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The National Competitiveness and Productivity Council (NCPC) said the Security Interest in Movable Property Bill will spur increased economic activity within the local business community.

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The Bill is intended to support Micro, Small, and Medium Enterprises and is a critical step towards a cohesive and inclusive system to promote access to finance and growth within the small business sector.\\xa0MSMEs will now be able to use their movable assets to secure financing from financial institutions. This new legislation is expected to positively impact national productivity and competitiveness.

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