Revised Laws of Saint Lucia (2022)

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.