BASSETERRE, ST. KITTS, DECEMBER 6TH 2006 (CUOPM)
St. Kitts and Nevis is poised to reposition itself in the global economy given the unique opportunity afforded in enhancing its growth potential.
“As we now transform our economy, lowering the public debt to a safer level will be one of our own foremost objectives,” said St. Kitts and Nevis’ Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas as he invited local and regional financial institutions to participate in a Citicorp Merchant Bank Limited-organised presentation for a St. Kitts and Nevis Government Bond Issue at the Bird Rock Beach Resort.
“I therefore invite you to participate in this bond issue which will give you an opportunity to participate fully in the future growth and development of the economy of St. Kitts and Nevis, an economy which has demonstrated resilience and great growing possibilities for economic development,” said Prime Minister Douglas, who noted that the Federal Government has embarked upon a voluntary fiscal stabilisation programme to deal with the high debt situation.