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Chastanet denies St Lucia is broke

Regional 21 Oct, 2020 Follow News

Allen Chastanet denies St Lucia has run out of money

St Lucia Prime Minister Allen Chastanet insists he did not declare in a national broadcast that his country is facing bankruptcy.

Instead, the message he shared with St Lucians is that if they do not continue to observe COVID-19 safety protocols the government will not be able to again finance the raft of programmes it implemented before to help citizens cope with the financial and social effects of the pandemic.

“What I don’t want is for us to close down the country, and the point I made was, if we have to close down the country, we don’t have the money to redo all the things that we did the first time,” Chastanet said.

He was responding to a story on his national broadcast filed by Caribbean Media Corporation headlined ‘PM says Government is broke, can’t afford to fund stabilisation programme’.

The report quoted Chastanet as saying: “It is no secret the government has exhausted all of the efforts, all of the resources with the NIC (National Insurance Corporation) and donor agencies to provide a social stabilisation programme for the public and for those persons who have lost their jobs. We have no more money.”

He also thanked hoteliers who have re-employed their workers “despite knowing that they are going to lose money for several months”.

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