Basseterre, St. Kitts – Nevis
October 02, 2007 (CUOPM)
The governing St. Kitts – Nevis Labour Party is closer to fulfilling another manifesto promise.
Cabinet in its meeting on Monday,under the chairmanship of Prime Minister Hon. Dr. Denzil L. Douglas, discussed and approved a framework for the development of a new Investment and Promotion Agency (IPA).
This new facility is geared towards the creation of a highly competitive business environment intended to increase investment inflows, and foster the creation, formalization and expansion of businesses – local businesses in particular.
The investment promotion agency and the framework approved by the Cabinet are the results of several months of work that was supported by the United States Agency for International Development (USAID).