Published 27’ February 2025
Buckie Got It
St. Kitts and Nevis News Source
IMF Report Acknowledges Economic Challenges But Validates Labour Government’s Growth Strategy
The International Monetary Fund (IMF)has released its 2025 Article IV Mission Report, providing a comprehensive assessment of St. Kitts and Nevis’ economic landscape. The report confirms the fiscal deficit of 11 percent of GDP in 2024, as previously outlined by Prime Minister Dr. Terrance Drew during the presentation of the 2025 National Budget in December 2024. However, the IMF attributes this deficit to strategic and necessary investments made by the Drew administration to transform the nation’s economy and improve the standard of living for citizens.