BASSETERRE, ST. KITTS, FEBRUARY 15TH 2007 (CUOPM)
The economy of St. Kitts and Nevis and other borrowing member countries of the Barbados-based
Caribbean Development Bank (CDB) showed strong economic growth among its
borrowing member countries last year and improved performances is expected
in 2007.
The CDB said that the tourism industry is expected to benefit significantly
from the 2007 Cricket World Cup that will be held in St. Kitts and Nevis and
seven other nations in the region from March 5th to April 28th this year.
“While construction activity is projected to slow somewhat as a number of
related cricket investment projects are completed, other public and private
sector projects currently underway or about to commence will fill the slack
in the short to medium term and the expected marketing benefits should drive
visitor arrivals,” Caribbean Development Bank (CDB) president Dr. Compton
Bourne said.