Nevis News

Basseterre, St. Kitts – Nevis, July 19th 2007 (CUOPM)

The St. Kitts and Nevis Cabinet has ratified the Kyoto Protocol on climate change.

Cabinet met on Wednesday, under the chairmanship of Prime Minister Hon. Dr. Denzil L. Douglas and gave its official nod to the amendment to the United Nations Framework Convention on Climate Change, named after the Japanese city in which the protocol was adopted. Countries ratifying the Kyoto Protocol commit to reduce the emission of carbon dioxide, methane, sulpur hexafluoride and other greenhouse gases.

“These greenhouse gases interfere with the atmosphere and can cause global warming and climate change. St. Kitts and Nevis now joins all other Caribbean countries in ratifying this important protocol designed to protect the World’s fragile climate system,” said Minister of State in the Ministry of Finance, Sustainable Development, Information and Technology, Sen. the Hon. Nigel Carty following Wednesday’s Cabinet Meeting, the second for the week.

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Basseterre, St. Kitts, July 17TH 2007 (CUOPM)

St. Kitts and Nevis recorded increased economic activity for the first quarter of 2007. The Cabinet, during its meeting on Monday under the chairmanship of Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas expressed pleasure at the positive direction of the growth of the national economy and the improvement in the government’s fiscal position.

Financial Secretary, Mrs. Janet Harris and Permanent Secretary in the Ministry of Sustainable Development, Mrs. Hilary Hazel in  a comprehensive report on the economic and fiscal situation told Cabinet that the growth was attributed to activity in agriculture, construction, the distributive trade, banking, wholesale, retail and government services.

“The current account balance recorded a surplus of EC$5.8 million, and the overall balance and primary balance recorded growth rates of 100.3 percent and 101.2 percent respectively. The primary balance exhibited a surplus of $22.1 million,” Minister of State in the Ministry of Finance, Sustainable Development, Information and Technology, Sen. the Hon. Nigel Carty.

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