Revised Laws of Saint Lucia (2023)

4.   Financial Provisions

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   (1)   There shall be paid out of the Consolidated Fund, on the warrant of the Minister, all sums required for the purposes of making—

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      (a)     all payments required to be made to the Fund under the terms and conditions of the membership Resolution and the Fund Agreement;

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      (b)     all payments required to be made to the Bank under the provisions of the Membership Resolution and the Bank Agreement;

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      (c)     all payments required to be made to the Corporation under the provisions of the Membership Resolution and the Corporation Agreement;

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      (d)     all payments required to be made to the Association under the Membership Resolution and the Association Agreement.

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   (2)   The Minister may, if he or she thinks fit, create and issue to the Fund, the Bank or the Association non-interest bearing and non-negotiable notes or other obligations as are provided for by section 4 of Article III of the Fund Agreement, by section 12 of Article V of the Bank Agreement and by section 2(e) of Article II of the Association Agreement (which section relates to the Acceptance by the Fund, the Bank, or the Association, as the case may be, of notes or similar obligations in place of currency), and the sums payable under such notes or obligations so created and issued shall be a charge on the Consolidated Fund.

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   (3)   Any sums received by the Government of Saint Lucia from the Fund (other than sums received by reason of operations or transactions under Article V of the Fund Agreement), any sums received by the Government of Saint Lucia from the Bank or the Corporation on account of its subscription to the capital stock thereof and any sums received by the Government of Saint Lucia from the Association on account of its subscriptions therein or of supplementary resources provided by it, shall be paid into the Consolidated Fund.