PM Pierre announces launch of Bank of Saint Lucia Global Investment Fund

Saint Lucia: Prime Minister Philip J Pierre extended his delight with the significant launch of the Bank of Saint Lucia Global Investment Fund, or BOSL, on Saturday. He highlighted the government’s aim to enhance the nation’s financial sector and is hopeful that this establishment aligns well with this vision.

PM Pierre took to his official social media handle on Saturday to mark this great establishment in the nation. He said that the launch of the Bank of Saint Lucia Global Investment Fund is expected to drive efficiency, spur innovation, lower transaction costs, and provide increased investment options. 

Further, he also shared that the BOSL is known for excellence, and the nation’s government is working to ensure that those standards will be maintained. 

“The Government of Saint Lucia is exceedingly pleased with the entry of the Bank of Saint Lucia into the mutual fund space. As a government, we seek to create the enabling environment for a financial sector that is globally competitive, well-regulated, diversified, market-driven, and responsive to our local realities,” he further noted. 

At last, he also expressed his hope and added, “I have no doubt that the Bank of Saint Lucia’s Fund Management Company aligns very well with this vision.”

Notably, PM Pierre also delivered some remarks on the evening to mark the launch of this significant establishment in the nation. He thanked the Executive of Bank of Saint Lucia’s Fund Management Company for inviting him to deliver some remarks this evening. He also congratulated everyone associated with the launch of BOSL’s Global Investment Fund. 

He said that this is a true milestone highlighting the Bank’s commitment to financial innovation and demonstrating BOSL’s responsiveness to the urgent need for diversified and profitable investment options for the citizenry.

“This new Investment Fund is a manifestation of the long-term policy vision of a previous Government. Indeed, in 2001, we would have engineered the formation of the Bank of Saint Lucia through the merger of the National Commercial Bank (NCB) and the Saint Lucia Development Bank (SLDB),” added PM Pierre.