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ST.KITTS-NEVIS CONTINUES TO LEAD THE REGION IN ECONOMIC GROWTH

 

 

In their latest country report The International Monetary Fund (IMF)  commended St. Kitts and Nevis under the leadership of Prime Minister Dr. Hon. Timothy Harris and the historic Team Unity Administration for its competent and prudent management of the economy. The 2 and half year old administration was also lauded for implementing  the necessary reforms to strengthen and protect its Citizenship-by-Investment (CBI) Programme as well as the plans to introduce universal health coverage (UHC) and the commitment to establish a Growth and Resilience Fund (GRF) among several other plaudits.

Despite  a difficult international environment, St. Kitts and Nevis’ economy continued to grow  in 2017 for the 5th consecutive year and according to The International Monetary Fund (IMF) economic prospects for St.Kitts-Nevis and the Caribbean are generally improving and that growth in the tourism dependent economies in 2017-18 is projected to be 2. 4 per cent, up from 2.1 per cent last year.

With the passage of recent hurricanes this can affect the outlooks however St.Kitts-Nevis’ outlook is expected to remain very positive as the country suffered much less damage from recent hurricanes than their neighbours in Dominica, Barbuda, ANguilla, BVI and St.Maarten.