The UTC Global Balance Fund Ltd is intensifying efforts to improve financial literacy in Saint Lucia, as part of a broader regional initiative to strengthen money management and investment awareness across the OECS.
Investment Advisor Tricia-Ann Henry said the push comes in response to concerning findings on financial knowledge within the region.
“This actual survey was done by the Eastern Caribbean Central Bank. We realized… that financial literacy is very low in the Eastern Caribbean,” she explained. “When it comes to spending money, budgeting, savings… maybe they do not know or have the knowledge of the different options that are available to them.”
Henry noted that the initiative will focus on practical education, equipping individuals with the tools to better manage their finances.
“We will be speaking about making your money work for you, a deeper conversation about money, how to budget, how to save, how to invest,” she said, adding that the programme will highlight “the options that we have available in the Eastern Caribbean for persons to invest.”
She encouraged broad participation in upcoming public seminars, particularly in the south of the island.
“It is important for the persons of Vieux Fort, not just Vieux Fort but surrounding areas, to come out… to get information on how to invest, how to save, how to budget,” Henry stated.
A key feature of the initiative, she added, is accessibility. “You could start your investment journey with as little as a hundred US,” she said. “You have the opportunity to add to your investment as low as 20 US thereafter.”
The campaign reflects growing recognition among financial institutions of the need to bridge knowledge gaps, as stakeholders seek to empower individuals to make informed financial decisions and build long-term economic resilience.