Nevis On A Growth Track, Says Premier

by Amanda Banks, Tax-News.com, London

22 September 2005

Premier Vance Amory of Nevis announced on Monday that the Federation of St Kitts and Nevis grew by 5% in 2003 and 6% in 2004, and that growth might be even higher in 2005.

Reported in Caribbean Net News, Premier Amory said he became aware of the positive growth in the economy at a meeting with a visiting International Monetary Fund (IMF) team during an Article 4 visit to Nevis and St. Kitts late last week.

“They (IMF) indicated that the per capita income was in excess of US$8,000 Gross Domestic Product (GDP). They indicated also that we (Nevis and St. Kitts) had reached a point where we are seeing fiscal stability and a return from the threat which hurricanes have posed to us to re establish our economy on a strong footing.

“It was also indicated that the economy of St. Kitts and Nevis grew in 2003 by 6 percent in 2004 by five percent and we are projecting that the growth this year would even be higher. We have strong evidence that we are on the right path,” he said.

In a speech marking the Federation's 22nd anniversary, Mr Amory called on all patriots of Nevis to commit themselves to the positive development of Nevis.

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