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InterviewsNovember 24 2010

St Lucia outlines its offshore financial ambitions

On the sidelines of the IMF annual meetings, the permanent secretary in Saint Lucia's Finance Ministry, Isaac Anthony, discusses remedies to boost tourism to the Caribbean nation and plans to develop it as an offshore financial centre. Writers Jane Monahan and Brian Caplen
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St Lucia outlines its offshore financial ambitionsIsaac Anthony, secretary in Saint Lucia's Finance Ministry

One novelty used to lure tourists back to Saint Lucia, in the face of the global recession, has been a publicity campaign showing the beauty of the island's landscape, launched on the back of a popular US-based reality television series, 'The Bachelor', which filmed two episodes in the Caribbean island country.

"It really did work. So much so that up until September this year we are projecting an increase in visitor arrivals of 15% over last year," - a significantly better recovery in the tourism sector than experienced in most other Caribbean destinations, says Isaac Anthony, the permanent secretary of Saint Lucia's Finance Ministry.

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