May 2017 Financial News

IMF delegation in St Kitts-Nevis

May 05, 2017

BASSETERRE, St Kitts (CMC) – A delegation from the International Monetary Fund (IMF) has arrived here to conduct a review of the St Kitts-Nevis financial and economic development.

The team is led by Inci Otker and will hold talks with government, public, private sector and trade union officials during the 2017 Article Four (IV) Consultation.

The delegation met with Prime Minister and Minister of Finance Dr Timothy Harris on Wednesday and a government statement issued yesterday noted that it had commended the authorities on their efforts to strengthen the controversial Citizenship-by-Investment (CBI) programme through which foreign investors are provided with citizenship in return for making significant contributions to the socio-economic development of the twin-island Federation.

““During an Article IV consultation, an IMF team of economists visits a country to assess economic and financial developments and discuss the country's economic and financial policies with government and central bank officials,” the IMF noted on its website.

Source:
Jamaica Observer
Friday May 5, 2017

http://www.jamaicaobserver.com/business-report/imf-delegation-in-st-kitts-nevis_97838?profile=1056