A Sitting of the House of Assembly is scheduled for Tuesday, March 10th, 2026 with Papers to be laid by the Honourable Prime Minister and Minister for Finance, Constituency Development, People Empowerment, Justice and National Security, and the Honourable Deputy Prime Minister and Minister for Tourism, Commerce, Investment, Creative Industries, Culture and Heritage.

The Motions for consideration are as follows:

1. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of twenty-two million eight hundred and twenty-nine thousand one hundred and eighty-one United States dollars (USD22,829,181.00) (the loan) from the Caribbean Development Bank (the Bank) to finance the John Compton Dam Raw Water Pipeline Replacement Project, (the Ninth Water Project);

BE IT FURTHER RESOLVED that —

1. the amount of the loan is from —
   1. the Ordinary Capital Resources totaling fifteen million six hundred and ninety thousand four hundred and seven United States dollars (USD15,690,407.00) comprising of —
      1. USD10,609,407 from the Bank’s Equity and Market Resources; and
      2. USD5,000,000 from the Agency Francaise de Development,
   2. the Special Fund Reserve totaling seven million one hundred and thirty-eight thousand seven hundred and seventy- four United States dollars (USD7,138,774.00) comprising of —

1. USD5,000,000 from the Special Development Fund; and
2. USD2,138,744 from the Italian Line of Credit,
2. the loan is repayable —
   1. in the case of the Ordinary Capital Resources, and the Italian Line of Credit, in seventeen years, and
   2. in the case of the Special Development Fund, in thirty years;
3. the repayment must be in the following tranches —
   1. in the case of the Ordinary Capital Resources and the Agence Francaise de Developpement, in sixty-eight equal or approximately equal and consecutive quarterly installments on each due date, commencing on the first due date after the expiry of five years following the date of this Loan Agreement, or on such later due date as the Bank specifies in writing,
   2. in the case of the Special Development Fund, in one hundred and twenty equal or approximately equal and consecutive quarterly installments on each due date, commencing on the first due date after the expiry of five years following the date of this Loan Agreement, or on such later due date as the Bank specifies in writing;
   3. in the case of the Special Fund Resources, in sixty-eight equal or approximately equal and consecutive quarterly installments on each due date, commencing on the first due date after the expiry of nine years following the date of this Loan Agreement, or on such later due date as the Bank specifies in writing; and
4. a commitment fee is payable on the Ordinary Capital Resources Portion at a rate of one per cent per annum and is payable quarterly from the sixtieth day after the date of the Loan Agreement;
5. interest is payable quarterly at —
   1. a variable rate of five point six per cent per annum on the amount of the Ordinary Capital Resources Portion
   2. the fixed rate of zero point seven-five per cent per annum on the Special Development Fund tranche, and
   3. the fixed rate of one point four per cent per annum on the Italian Line of Credit tranche.

2. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of USD4,233,750.00 (the loan) from the CARICOM Development Fund to finance the rehabilitation and upgrade of the Theobalds Water Supply System;

BE IT FURTHER RESOLVED that —

1. the loan is repayable in ten years commencing from the end of the two years grace period;
2. the loan is repayable in forty equal or approximately equal quarterly instalments on the 30th day of March, the 30th day of June, the 30th day of September and the 30th day of December;
3. interest is payable at a fixed rate of three per cent per annum.

3. BE IT RESOLVED that Parliament authorizes the Minister of Finance to amend the loan agreement to borrow from the CARICOM Development Fund (the Fund) an additional amount not exceeding the amount of USD 781,493.00 for the purpose of providing financing to meet the additional cost of the Patience Community Water Supply Project;

BE IT FURTHER RESOLVED that —

1. the original loan and additional loan are repayable in ten years commencing from the first due date;
2. the original loan and additional loan are repayable in forty equal or approximately equal and consecutive quarterly instalments;
3. the loan payments commence on the 30th day of March, the 30th day of June, the 30th day of September and the 30th day of December of each year after a grace period of two years following the date of the first disbursement or such later date as the Fund specifies in writing; and
4. the interest is payable at a rate of three per cent per annum on the amount of original loan and additional loan disbursed and outstanding.

4. BE IT RESOLVED that the House of Assembly authorizes the Minister of Finance to invest USD356,000.00 to purchase three hundred and fifty-six shares in the 2018 General Capital Increase of the International Finance Corporation;

BE IT FURTHER RESOLVED that —

1. the investment must be completed by the 16th day of April, 2026;
2. the Minister of Finance shall immediately, on investing the public monies —
   1. submit a report to the House of Assembly containing full details of the investment, and
   2. lay before the House of Assembly a copy of the agreement made in relation to the purchase of securities and the most recent annual audited financial statements of the International Finance Corporation;

3. the interest or dividends received from the investment must be credited to the Consolidated Fund, the Contingencies Fund or a special fund from where the investment was made;
4. an investment held by or on behalf of the Government is deemed to have been made out of public monies issued from the Consolidated Fund and may be retained notwithstanding that the investment is not made, except if the investment is not held on account of a special fund or trust fund;
5. the Director of Finance shall keep proper records of an investment under this section and submit to the Accountant General, for safe custody, all proper records in respect of the investment.

5. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of USD20,000,000.00 (the loan) from the OPEC Fund for International Development (the financial institution) to assist in financing of Section 1 of the Sir Julian R. Hunte Highway Project from Choc Bridge to Marisule Junction;

BE IT FURTHER RESOLVED that —

1. interest is payable at a rate of one and three quarters of one per cent per annum on the principal amount of the loan withdrawn and outstanding in semi-annual instalments on the 15th day of April and the 15th day of October of each year;
2. the commitment fee is one-half of one per cent per annum on the withdrawn amount on the loan;
3. the loan is repayable in thirty semi-annual instalments commencing immediately following the end of the grace period on the 15th day of April and the 15th day of October of each year.

6. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of KD 4,000,000.00 (the loan) from the Kuwait Fund For Arab Economic Development (the financial institution) to finance the expansion of the Sir Julian R. Hunte Highway Project from the Monchy Junction to Gros Islet Town Junction;

BE IT FURTHER RESOLVED that —

1. interest is payable at a rate of three per cent per annum on the principal amount of the loan withdrawn and outstanding in semi-annual instalments on the 1st day of May and the 1st day of November of each year;
2. the service charge is one-half of one per cent per annum on the amounts withdrawn from the loan and outstanding;
3. the special commitment charge is one-half of one per cent per annum on the principal amount outstanding on a special commitment, in the event that

the financial institution and the Government enter into a special irrevocable commitment at the request of the Government;

4. the loan is repayable over a period of eighteen years, inclusive of a grace period of four years;
5. the loan is repayable in twenty-eight semi-annual instalments commencing six months after the grace period of four years.

7. BE IT RESOLVED that Parliament authorizes the Minister of Finance to amend the Loan Agreement to borrow from the Caribbean Development Bank’s Ordinary Capital Resources an additional amount not exceeding the equivalent of USD10,813,000.00 (the Additional Loan) for the purpose of providing additional financing to meet the estimated additional costs of carrying out the Project (the Amended Loan Agreement);

BE IT FURTHER RESOLVED that the Loan Agreement is amended —

1. to change with respect to the Additional Loan the interest rate payable on the Ordinary Capital Resources portion withdrawn and outstanding from time to time, from 4.8% to a variable interest rate of 5.6% per annum;
2. to insert with respect to the Additional Loan the commitment charge at the rate of 1% per annum, on the amount of the Ordinary Capital Resources portion unwithdrawn from time to time and which accrues on the date of the Amended Loan Agreement;
3. to insert that the Additional Loan is repayable over a period of twelve years, following a grace period of five years following the date of the Amended Loan Agreement, in forty-eight equal or approximately equal and consecutive quarterly instalments on each due date or on such later due date as the Bank specifies in writing

8. BE IT RESOLVED that Parliament authorizes the Minister of Finance to guarantee an amount in the sum of XCD 121,500,000.00 (the loan) from a syndicate of banks led by the Bank of Saint Lucia Limited (the Bank) borrowed by the Saint Lucia Air and Sea Ports Authority to support the financing of the reconstruction of Berth No. 4 at Port Castries;

BE IT FURTHER RESOLVED that the total loan is repayable in a combined principal and interest payment of XCD 2, 962, 884.32, payable quarterly, or XCD 985,246.50 payable monthly over one hundred and fifty-six months.

BE IT FURTHER RESOLVED that the total loan is repayable in fifteen years inclusive of a two-year moratorium on the principal repayment at a rate of three point seven five per cent per annum;

BE IT FURTHER RESOLVED that the loan is subject to —

1. a lead arranger non-refundable fee of XCD 243,000.00;
2. an annual non-refundable agent fee of XCD 24,300.00 payable to Bank of Saint Lucia;
3. non-refundable commitment fee of XCD 607,500.00 payable on the execution of the loan agreement;
4. an amendment fee of XCD 7,500. 00 for each material amendment requested by the borrower over the life of the loan; and
5. a prepayment penalty fee of two per cent of the outstanding principal balance if more than ten per cent of the loan principal balance is repaid in any one year up to the third anniversary date of the loan.

9. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of USD94,871,706.00 from the Export-Import Bank of the Republic of China to finance the implementation of national development projects, initiatives and COVID-19 mitigation measures;

BE IT FURTHER RESOLVED that —

1. the loan is repayable in thirty consecutive equal or as nearly equal as possible semi-annual instalments, the first of which must be made on the last day of the sixty-sixth month period from the date of the first advance under the loan is made by the Export-Import Bank of the Republic of China and thereafter, on the last day of each successive six-month period;
2. if the full amount of the loan has been draw-down each principal instalment must be in the amount of USD3,162,391.00 except that the last principal instalment is in the amount of USD3,162,367.00;
3. interest is payable at the six-month Secured Overnight Financing Rate plus zero point two per cent plus one per cent per annum;
4. the loan is repayable in twenty years commencing from the date of disbursement of the loan inclusive of a grace period of five years.

10. BE IT RESOLVED that Parliament authorizes the Minister of Finance to borrow an amount of US$17,105,127.00 from the Caribbean Development Bank consisting of —
    1. an Ordinary Capital Resources portion in the amount of US$14,105,127.00; and
    2. a Special Funds Resources portion in the amount of US$3,000,000.00, to finance the Programme for Education Realignment and Transformation Project;

BE IT FURTHER RESOLVED that —

1. the interest rate —