Basseterre, St. Kitts – Nevis
October 23, 2007 (CUOPM)
The Board of Trustees of the Small States Network for Economic Development (SSNED) reviewed the draft governance statute of the network during the annual IMF/World Bank Meetings in Washington D.C.
The Board of Trustees which consisted of the founding members (Barbados, Mauritius, Samoa, St. Kitts and Nevis and Malta) as well as representatives from Vanuatu, the World Bank and the Commonwealth Secretariat arrived at an agreed ratified text that would underpin the network’s operations, activated the network officially and gave Malta the authority to register the network legally.
During the Small States Forum, which was attended by Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas; St. Kitts and Nevis Financial Secretary, Mrs. Janet Harris; Permanent Secretary in the Ministry of Finance of the Nevis Island Administration, Mr. Laurie Lawrence; St. Kitts and Nevis Ambassador His Excellency Wendell Lawrence and Ambassador His Excellency Dr. Izben Williams, the Network’s Board of Trustees presented a report on the Network’s activation and immediate next steps. At that meeting the World Bank indicated its financial support of over US$8 million for the SSNED.