A Sitting of the House of Assembly is scheduled for Tuesday, November 24th, 2020 with Papers to be laid by the Honourable Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service; the Honourable Minister for Infrastructure, Ports, Energy and Labour; the Honourable Minister for Commerce, Industry, Enterprise Development and Consumer Affairs and the Honourable Minister for Agriculture, Fisheries, Physical Planning, Natural Resources and Cooperatives,
The Motions for consideration are as follows: 1. BE IT RESOLVED that Parliament do authorize the Attorney General to make an Order to declare that the 2017 Supplement to the Revised Edition of the Laws of Saint Lucia, as specified in the Order shall come into force on such date as may be appointed by such Order, as an authoritative version of the law.
2. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow the sum of US$20,000,000.00 from the Export-Import Bank of the Republic of China for the purpose of financing the COVID-19 Response Project
BE IT FURTHER RESOLVED that – (a) the loan is repayable in 30 consecutive equal or as nearly equal as possible semi-annual instalments, the first of which must be made on the last day of the 66 month period from the date the first advance under the loan agreement is made by the Export-Import Bank of the Republic of China, and thereafter, on the last day of each successive six-month period.
(b) If the full amount of the loan has been drawn down, each instalment must be in the amount of US$666,667.00, except that the last instalment must be in the amount of US$666,657.00, otherwise the amount of each instalment shall be adjusted by the Export-Import Bank of the Republic of China.
(c) Interest is payable at a rate of the six month London Inter-Bank Offered Rate Plus one point five percent per annum; (d) the loan payments must commence after the grace period of five and a half years have expired.
The following Bills are down for consideration: 1. Public Finance Management 2. Public Procurement and Asset Disposal (Amendment) 3. Credit Reporting
Tuesday’s Sitting is scheduled to commence at 10:00a.m. The Sitting of the Senate is scheduled for Thursday, November 26th, 2020 at 10:00 a.m.
In keeping with the protocols established by the authorities for management of the Coronavirus (COVID-19) crisis and with a view to ensuring that there are established protocols, members of the public will NOT be allowed in the Chamber Gallery during the Sittings.
Kindly note that the public can view the live proceedings on National Television Network (NTN) Channel 122, Government of Saint Lucia Facebook and YouTube.