News

Published 7 February 2025

St Kitts, Basseterre,

Buckie Got It Media Source

World Bank Delivers Long-Awaited Revenue Sharing Plan for St. Kitts & Nevis

Basseterre, St. Kitts, February 7, 2025 (PMO)– The long-standing issue of fair revenue sharing between St. Kitts and Nevis will soon be an issue of the past as the World Bank has handed over a comprehensive report, providing expert-driven recommendations for an equitable financial arrangement.

Prime Minister Hon. Dr. Terrance Drew, during yesterday’s (February 6th) Round Table discussion, hailed the report as a breakthrough moment in the Federation’s financial history.

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Published 7 February 2025

St Kitts, Basseterre,

Buckie Got It Media Source

Government To Unveil Landmark Sovereign Wealth Fund to Safeguard National Wealth

Basseterre, St. Kitts, February 7, 2025 (PMO) – The Government of St. Kitts and Nevis has taken a historic step in securing the financial future of its citizens with the establishment of a Sovereign Wealth Fund (SWF). This game-changing initiative will ensure that national revenues—particularly from the Citizenship by Investment (CBI) Program and future renewable energy ventures—are protected, prudently managed, and invested for long-term national prosperity.

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Published 7 February 2025

St Kitts, Basseterre,

Buckie Got It Media Source

Historic Breakthrough! St. Kitts & Nevis Secures Full Funding for Geothermal Energy

Basseterre, St. Kitts, February7, 2025 (PMO)– In a monumental step towards energy independence, the Government of St. Kitts and Nevis has secured the full financing required to launch the nation’s first geothermal energy project. This landmark achievement propels the Federation closer to its goal of becoming a Sustainable Island State, reducing reliance on fossil fuels, and slashing energy costs for citizens.

Prime Minister Hon. Dr. Terrance Drew made the groundbreaking announcement during his Round Table discussion on February 6th, revealing that drilling for the first five wells will commence soon—ushering in a new era of renewable energy dominance for the twin-island Federation.

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