Home-grown economic blueprint helped St. Kitts and Nevis economy

BASSETERRE, ST. KITTS, JANUARY 21ST 2014 (CUOPM) – The Prime Minister of St. Kitts and Nevis, the Rt. Hon. Dr. Denzil L. Douglas has expressed confidence that the home-grown strategic economic blueprint accepted by the Washington-based International Monetary Fund (IMF) has protected and insulated the twin-island Federation from some of socio-economic traumas that has been experienced across the globe.

With Saturday approaching as the 4th anniversary of the re-election of his St. Kitts-Nevis Labour Party to government, Prime Minister Douglas during his weekly radio programme on Tuesday said the blueprint was consistently impressed by his government on the world’s financial institutions.

“Our determination produced great results for our Federation, with these internationally respected institutions now readily, repeatedly, and publicly admitting both their original resistance to our approach as well as their subsequent witnessing of, and admiration for, the results that we have produced,” Prime Minister Douglas told listeners.

Dr. Douglas said for reasons that Kittitians and Nevisians will understand, he has always find it especially interesting when, in describing the effectiveness of this St. Kitts-Nevis Labour Government’s financial strategy, “international financial analysts, completely on their own, say that our programme, our approach, or our strategy ‘is working.’”

He pointed out that it was clear that the approach was working and he had the honour of being asked to lead a Commonwealth delegation to the International Monetary Fund, the World Bank, the Inter-American Development Bank and other financial institutions in September of 2013.

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