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In a recent statement, the Prime Minister of St. Kitts and Nevis, Dr. Terrance Drew, has come under fire for his claims regarding the stabilization of the state-owned Development Bank. The assertion that his government successfully stabilized the bank while keeping it concealed to prevent a potential “run on the bank” has sparked criticism, skepticism and ridicule.The criticism and ridicule stems from the fact that the Development bank operates differently from conventional banks, as it lacks individual depositors. This distinction makes the concept of a “bank run” implausible if not impossible, leading many to question Dr. Drew’s understanding of the banking system he oversees.Accusations of incompetence and dishonesty have arisen, as detractors argue that such a claim reveals a lack of understanding of the bank’s structure and functions. By suggesting that the public was shielded from this information to prevent a bank run, Dr. Drew appears to have opened himself to accusations of misleading the public and misrepresenting the situation.The controversy has further intensified due to the perception that the Prime Minister’s statement was an attempt to manipulate public perception rather than provide accurate information. Critics argue that the episode reflects poorly on his competence and integrity and credibility as a leader.The remarks made by Dr. Drew, the Prime Minister of St. Kitts and Nevis, have drawn significant ridicule , criticism and scrutiny. The mishandling of information regarding the state-owned Development Bank’s stability, coupled with inaccuracies about its operational dynamics, has led to accusations of incompetence and dishonesty on his part.These are the words published by SKNIS attributed to Dr Drew “I couldn’t say that to the country [then] for people to lose confidence and run on the bank and basically sink the bank.”