PLP Leader and 3rd PM Dr. Hon. Timothy Harris Shocks Nation: IMF Report Reveals Discontinued CBI Dividend Payments


In a dramatic turn of events, Dr. Hon. Timothy Harris, the National Political Leader of the People’s Labour Party (PLP) and the 3rd Prime Minister of the Federation of St. Kitts and Nevis, unveiled startling revelations during the party’s monthly Press Conference held on Thursday, May 30th, at the St. Kitts Marriott Hotel.

During the press conference, PLP Leader Harris dropped a bombshell, disclosing that an International Monetary Fund (IMF) report indicated the cessation of Citizenship by Investment (CBI) dividend payments. Harris expressed uncertainty regarding the transmission of this crucial information to the nation, suggesting a lack of transparency in the process.

Quoting directly from the IMF report, Dr. Harris emphasized, “And it says in one part, CBI dividends would be discontinued. You understand? I don’t know if they didn’t promise the IMF that they’re going to stop this CBI dividend that he made such a song and dance about. It is written here for all to see that it would be discontinued.”

The revelation has sent shockwaves throughout the nation, sparking debates and raising questions about the management of the CBI program and its financial implications for St. Kitts and Nevis. The discontinuation of CBI dividend payments could have significant ramifications for the country’s economy, government revenue, and overall fiscal stability.

Moreover, Dr. Harris’s remarks have reignited concerns about transparency and accountability in governance, particularly regarding the dissemination of crucial information to the public. The revelation underscores the importance of open and transparent communication between government officials and citizens, especially on matters of economic policy and financial management.

As the nation grapples with the implications of this revelation, calls for clarity, accountability, and decisive action are likely to intensify. PLP Leader Timothy Harris’s bold disclosure has not only exposed a critical aspect of the nation’s financial landscape but also highlighted the imperative for transparency and accountability in governance. The coming days are bound to witness further scrutiny and deliberation as stakeholders seek answers and clarity on this pressing issue.

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