St Kitts and Nevis’ Prime Minister, Denzil Douglas, has said that his government is committed to implementing its strategy to secure the territory’s long-term financial and economic stability.
In a speech delivered on January 1, Douglas outlined forthcoming challenges for the territory and called on the other governments of the Organization of Eastern Caribbean States (OECS), in cooperation with the Eastern Caribbean Central Bank and through the upcoming OECS Economic Union, to implement an 8-point stabilisation, growth and development programme.
“[In 2010] we will collaborate further and [will] tighten the regulation of our financial system to ensure that our investors and depositors are afforded greater protection," Douglas stated.
Reflecting on the past year, and challenges for 2010, Douglas welcomed progress in the government’s ‘YES programme’, which has worked with young people to educate them to enable them to assume valuable careers in the twin-island federation, vital, he explained, for St Kitts and Nevis’ long term prosperity.
Douglas additionally revealed that the government would continue to invest in areas that support economic activity, especially in the tourism sector.
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