Saint Lucia is strengthening its capacity to address insolvency and support business recovery, joining international discussions that produced a new Caribbean network for practitioners dealing with financial distress.
The establishment of a Caribbean Committee of Insolvency Practitioners was a key outcome of the 2026 International Association of Insolvency Regulators (IAIR) Conference and Annual General Meeting in Montréal, Canada, according to a Ministry of Finance release issued October 2.
The committee is expected to meet quarterly, allowing practitioners across the region to share expertise, tools and practical approaches to insolvency challenges.
For Saint Lucia, the initiative comes as work continues to implement the country’s Insolvency Act—a framework the government links to business recovery, financial stability and economic resilience.
Representing Saint Lucia at the conference were Supervisor of Insolvency Nathalie Dusauzay, Director of the National Competitiveness and Productivity Council (NCPC) Lisa Florent-Montoute, and Deputy Director Sharma Mathurin.
The gathering brought together insolvency regulators and practitioners from around the world to examine how countries can strengthen their systems and respond to challenges in a changing global economy.
According to the ministry, the delegation gained technical insights into international practices and explored approaches that could improve Saint Lucia’s insolvency administration.
The NCPC, which supported the passage of the Insolvency Act, continues to work with the Office of the Supervisor of Bankruptcy and Insolvency on putting the framework into practice.
The new Caribbean committee is intended to give that work a regional support network, creating opportunities for practitioners to exchange experience and collaborate on common challenges.
The ministry described Saint Lucia’s participation as an opportunity to strengthen institutional capacity and international relationships while keeping pace with developments in insolvency regulation.
The next step will be turning those connections and technical insights into stronger local systems that support business recovery and a more resilient economy.
