Revised Laws of Saint Lucia (2021)

4.   Functions of the Fund

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    (1)   The functions of the Fund are —

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      (a)     to advance loans for a Government approved capital project;

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      (b)     to provide investment for a Government approved capital project;

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      (c)     to reduce Government debt;

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      (d)     to purchase Government bonds; and

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      (e)     to provide monies for a purpose approved by Cabinet. (Amended by Act 15 of 2021)

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    (2)   For the purposes of subsection (1)(a) and (b), the Minister shall, after consultation with Cabinet, by Order published in the Gazette, declare a Government approved capital project.