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The Government of St. Kitts and Nevis is taking decisive action to establish a fair share agreement between the two islands, with the World Bank engaged to oversee the process through an independent body.

Prime Minister Hon. Dr. Terrance Drew announced the initiative, signaling his administration’s commitment to equitable revenue distribution and fostering stronger ties between St. Kitts and Nevis.

“This administration is committed to fostering fairness, transparency, and collaboration,” Dr. Drew stated. “An independent body will provide the objectivity and credibility required to develop an agreement that reflects the best interests of all citizens, ensuring a sustainable and equitable framework for generations to come.”

This approach follows a recommendation initially proposed by former Prime Minister Dr. Hon. Timothy Harris, which was met with resistance in 2022 by Premier Mark Brantley. At the time, Premier Brantley famously dismissed the need for World Bank involvement, asserting that “any 6th form student” could draft a proper fair share agreement. However, in a striking shift, Premier Brantley now fully supports the World Bank’s role in this initiative.

Addressing Complex Revenue Challenges

Dr. Drew highlighted that the rise of non-taxable revenue from the Citizenship by Investment (CBI) program has underscored the urgency for a fair share agreement.

“The current framework for sharing taxable revenue is outlined in our Constitution, but the rise of non-taxable revenue sources such as the CBI program has introduced complexities that must be addressed. Our goal is to ensure that both islands benefit equitably from the Federation’s economic progress while maintaining our commitment to good governance and fiscal responsibility,” Dr. Drew explained.

The federal government continues to provide significant support to Nevis, including funding for national security, ports, airports, fire services, and monthly budgetary contributions. The Prime Minister emphasized that World Bank facilitation will enhance the process with impartiality and international best practices.

“This initiative will bring clarity and resolution to a matter that has often been contentious,” he added. “It demonstrates our commitment to resolving complex issues with integrity and transparency.”

A Call for Patience

Dr. Drew urged citizens to exercise patience as the process unfolds.

“This is a matter of great importance, and we are determined to get it right. The engagement of an independent body ensures that the final agreement will be one that stands the test of time and reflects the principles of fairness and equity.”

As the Federation moves forward with this critical initiative, the government’s focus remains on ensuring a harmonious and equitable relationship between St. Kitts and Nevis.