In his keynote speech, the Prime Minister underscored the importance of transforming Caribbean economies by leveraging capital markets and fostering inclusive investment opportunities for all citizens.
"The theme, Transforming Our Economies Through Investment and Capital Markets, should serve as an opportunity to inform the people of the region about investment opportunities and discuss new avenues of investment. This forum can be used to promote investment as a means of wealth creation for our citizens,” said Pierre.
The Prime Minister said the Summit comes at a pivotal time for the region, which continues to contend with the effects of international geopolitical tensions, climate change, and rapid advances in artificial intelligence and digital technologies.
“In this environment, the economy of Saint Lucia has experienced three years of sustained economic growth and is projected to continue this trend in the coming fiscal year,” he noted.
Pierre stressed that economic expansion should not only aim for "acceptable economic ratios" but must also tangibly improve the quality of life for citizens across the OECS. “Economic growth must ensure poverty reduction and improve quality of life for our citizens,” he said.
He laid out a vision that requires collaboration between the public and private sectors, urging stakeholders to develop skill-based education systems, promote entrepreneurship, enhance financial literacy, and expand access to finance and technology: “We must create diverse investment options to ensure that all citizens have access and opportunities for wealth generation…growth is key, but creativity, sustainability, and balance are critical components for success.”