Nevis News

Charlestown, Nevis, July 27th 2007 (CUOPM)
For Immediate Public Release
St. Kitts and Nevis’ Prime Minister Hon. Dr. Denzil L. Douglas and Premier of Nevis, Hon. Joseph Parry said tremendous progress was made in the first joint meeting of the Federal St. Kitts-Nevis Labour Party Cabinet and the Nevis Island Administration-led Nevis Reformation Party (NRP) Cabinet last year.
 
Welcoming Prime Minister Douglas and his Cabinet Members to the Second Joint Meeting Friday morning at Mount Nevis Hotel in New Castle, Premier Parry said the first meeting was very fruitful “and we have been able to make advances from that first meeting.”
 
“It is good to see that we are able to establish a cordial relationship and that we are able to work together on a number of issues to the mutual benefit of both St. Kitts and Nevis,” said the Nevis Premier.
 
He said his NRP-led Administration in Charlestown “looks forward to the continued relationship and for us to continue to work on the issues that concern us both in St. Kitts in Basseterre and in Nevis in Charlestown here.”

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Basseterre, St. Kitts – Nevis – July 26, 2007
For Immediate Publice Release

The developmental programmes of the Department of Sport and sporting associations continue to bear fruit.

The most recent accomplishment by a national athlete on the international scene occurred on Wednesday (June 25) at the XV Pan American Games being held in Rio, Brazil. In the Men’s 1500 meter final, Masai Jeffers ran a time of 4:09.47 minutes to break the junior national record of 4:10.12 set by Randolph Ronnie Davis in 1983.

Jeffers, 17, was the youngest athlete in the race. The contest was won by Brazil’s Hudson Souza who is 30 years old.

Minister of State with responsibility for Sports Hon. Richard Skerritt was excited by the news and noted that the young man has great potential that is being nurtured in a strategic way. He noted that it was important for public and private sector agencies to continue partnering to ensure the full potential of local athletes is realized.

This kind of partnership was evident at two functions held on Thursday. The first was held at the practice batting facilities at Warner Park.

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Basseterre, St. Kitts – Nevis – July 26th, 2007 (CUOPM)
For Immediate Public Release

Deputy Prime Minister the Hon. Sam Condor has told the Chamber of Industry and Commerce that the health of the St. Kitts and Nevis economy is in good shape and the Labour Party Administration has managed to maintain a stable economic, social and political environment, and to establish an  economy as a very attractive investment centre.

Saying that the evidence is quite obvious, Deputy Prime Minister Hon. Sam Condor told the Chamber at its 25th Annual Private Sector Banquet that economic performance in 2006 resulted in GDP expansion by over 5 percent, led primarily, by tourism, construction and manufacturing.

“This expansion comes despite pressures exerted by high fuel prices,” said the Deputy Prime Minister who added that recent information indicated that for 2007, thus far, there has been increased economic activity in the first quarter of the year, fueled by activity in agriculture, the distributive trade, construction, and public and private sector services.

He told the local businessmen and women that significant surpluses for the quarter are recorded at EC$5.8 million on the current account.

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Basseterre, St. Kitts – Nevis – July 25th 2007 (CUOPM)

The St. Kitts and Nevis Chamber of Industry and Commerce is applauding the positive and sustained economic growth in the St. Kitts and Nevis economy.

Chamber President, Mr. Franklin Brand delivering the Private Sector Report at the Annual St. Kitts – Nevis Private Sector Banquet noted that a review of the statistics of the International Monetary Fund (IMF) illustrates that St.  Kitts and Nevis appeared to have realised a growth rate of 4.6 percent in 2006 and that the IMF report also makes a projection of a 6% rate of growth in 2007.

“This picture is heartening, as it demonstrates consistency in the annual growth rate, given that in 2005 this rate was 4.5%,” said Brand.

He however expressed concern that the National Debt is still too high in spite of Government’s ambitious fiscal adjustment programmes and that much of this public debt ““ which in 2006 was 183.4% of Gross Domestic Product (GDP) ““ was attributed in large measure to the debt levels being carried by various statutory corporations.

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