BASSETERRE (9th September, 2014): A national effort to ‘Formulate a Strategic Plan for Improving the Ranking for St. Kitts & Nevis in the World Bank’s Annual ‘Doing Business Report’ continues this week when the Ministry of International Trade, Industry, Commerce and Consumer Affairs hosts a workshop on Thursday 11th September 2014, from 8:00 am to 1:00 pm at the St. Kitts Marriott Hotel.
The main purpose of this workshop is to seek feedback from a sampling of key stakeholders in the design of policies and processes in the following five (5) areas:
1) Establishment of a ‘Doing Business’ Reform Committee
2) Registering Property
3) Getting Credit
4) Enforcing Contracts
5) Resolving Insolvency.
The research project follows a request made last year by the Federal Cabinet to the new Minister of International Trade, Industry, Commerce and Consumer Affairs, Senator Ricky Skerritt, to urgently address the key issues that still provide challenges to the ‘Doing Business’ environment in St. Kitts and Nevis.
At Thursday’s workshop, the Ministry’s project Consultant, Michael Julien, will present his findings from recently conducted stakeholder consultations. The workshop will finalise recommendations which will lead to reforms needed to improve the country’s performance on those specific indicators which have continued to impact negatively on the comparative performance of the Federation.
This project is being funded jointly by ‘Compete Caribbean’ and the Government of St. Kitts and Nevis.
Compete Caribbean is a Caribbean private sector development programme jointly funded by the Inter-American Development Bank (IDB), the Department for Foreign Affairs, Trade and Development Canada (DFATD), and the United Kingdom Department of International Development (DFID).
The ultimate goal of this Program is to contribute to the increase in the standard of living and quality of life, and the enhancement of the competitiveness of the 15 independent CARIFORUM countries.