The Government of Saint Lucia has enacted a landmark Public Debt Management Act to consolidate and modernize debt management laws. This legislation replaces outdated acts, promoting transparency and accountability in public debt practices through digital reporting mechanisms. The new framework mandates regular updates to Parliament on debt strategies, introduces a Public Debt Management Advisory Committee, and expands debt coverage to include previously unregulated financial obligations.
The government’s role is crucial in ensuring effective implementation and leveraging digital tools for improved fiscal management and public financial transparency.
