Revised Laws of Saint Lucia (2023)

2.   Interpretation

In this Act, unless the context otherwise requires —

“Agreement” means the Agreement Establishing the Eastern Caribbean Partial Credit Guarantee Corporation, made on the 2nd day of March, 2017, the text of which is set out in the Schedule;

“Article” means an Article of the Agreement;

“Board” means the Board of Directors of the Credit Guarantee Corporation established under Article 11;

“Central Bank” means the Eastern Caribbean Central Bank established under Article 3 of the Eastern Caribbean Central Bank Agreement, done at Port-of-Spain on the 5th day of July, 1983, the text of which is set out in the Eastern Caribbean Central Bank Agreement Act;

“Credit Guarantee Corporation” means the Eastern Caribbean Partial Credit Guarantee Corporation established under Article 3;

“Director” means a Director of the Board;

“Minister” means the Minister responsible for finance;

“Participating Lender” means a financial institution that meets the criteria set out for providing loans in the ordinary course of business to Qualifying Enterprises under Article 41;

“Qualifying Enterprise” means an enterprise that meets the criteria for participation in the Credit Guarantee Scheme under Article 42.