Banking

Soft Landing Forecast For ECCU Economy In 2008

Basseterre, St. Kitts – Nevis
February 12, 2008 (CUOPM)

The number two man at the International Monetary Fund (IMF) is pleased with the Eastern Caribbean Currency Union (ECCU)  governments’ commitment to fiscal consolidation, with important reforms to place fiscal balances on a firmer footing underway in many countries-including through the introduction of value-added taxes and efforts to overhaul government expenditures, focused on enhancing efficiency of capital spending and civil service reform.

“These efforts will be key to lowering debt levels and strengthening the currency union,” said Deputy Managing Director at the Washington-based financial institution, Murilo Portugal.

Portugal, who was on his first visit to the Eastern Caribbean region as Deputy Managing Director of the International Monetary Fund attended the 61st Meeting of the ECCB Monetary Council met with Prime Ministers, Finance Ministers, and the Governor of the Eastern Caribbean Central Bank.

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ECCB Monetary Council To Meet in St Kitts – Nevis

Basseterre, St. Kitts – Nevis February 06, 2008 (CUOPM) St. Kitts and Nevis Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas is expected to head the twin-island’s delegation to the 61st meeting of the Eastern Caribbean Central …

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Nevis Premier Outlines A Vision For Growth

Charlestown, Nevis
January 25, 2008

Nevis Premier, the Hon. Joseph Parry delivered the Keynote address at the ninth annual luncheon of the Hearts and Hands for Nevis Inc. in New York on Sunday, January 20th at the elegant Crowne Plaza Hotel in Queens, New York.

Premier Parry began his speech by acknowledging the recent death of 18 year old Miss Valencia Robins of Jessups village. “On Friday evening I learnt of the sad death of Miss Robins, daughter of Claire Robins and Vaughn Anslyn and the granddaughter of Mr. and Mrs. Frederick Doras and Mr.  and Mrs. Arthur Anslyn. On behalf of the people of Nevis, I extend our heart felt condolences.”

Mr. Parry was invited by the non-profitable Nevisian organization to speak on the topic, “The Vision for Nevis”.

During his keynote address, Mr. Parry discussed establishing Nevis as a top Tourism destination in the Caribbean. “Niche Tourism has worked well in Nevis. We shall consolidate by establishing Nevis as the number one tourism destination in the Caribbean. Along with the Four Seasons Brand we shall establish another hotel with a reputation even more regarded than the Four Seasons. This will consolidate a position already recognized in the United States of America and would attract the more high-end players in the industry.”

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