Prime Minister of St Kitts and Nevis, Denzil Douglas has disclosed that the twin-island Federation has been chosen as the location for the Libyan Investment Bank.
Making the announcement, Douglas said: “The proposal that was made by the government of St. Kitts and Nevis, when I was last in Tripoli in July 2009 has been finally accepted by the Libyan government through expressions of support from the Prime Minister. It is from this bank in the Eastern Caribbean from which investment funds will flow for the financing of important projects in the Eastern Caribbean and the wider Caribbean region.”
“President Kaddafi expressed his full support for the establishment of the investment bank in the Eastern Caribbean to be located in St. Kitts and Nevis and for the other initiatives to be pursued aggressively,” Douglas disclosed.
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