The government has seen value in promoting a music industry, and has formed the Cultural Development Foundation (CDF) the statutory body given responsibility for preservation and promotion of Saint Lucian culture and arts, to accomplish this goal. In 1979, the first-ever M&C Fine Arts Awards were given by Minvielle & Chastanet Ltd, to Saint Lucian artists as an Independence Gift to the Nation; in the early 2000s, this event was handed over to the newly formed Cultural Development Foundation and is now run as the National Arts Festival. The Folk Research Centre has been a prominent part of Lucian cultural research since 1973, and has also published the journal "Lucian Kaiso", devoted to Lucian calypso, since 1990. The island's calypso traditions are also celebrated at the annual "kaiposium" (a "kaiso symposium"), held since 1987. The island's music industry remains little-known internationally and of small economic importance. The government of Saint Lucia has worked with the OECS to promote the regional music industry through intellectual property law and sponsoring festivals and other activities.