Nevis Looks For Ways To Beat High Fuel Prices

Nevis Island Fuel Prices

High Fuel Prices In Saint Kitts – Nevis

Basseterre, St. Kitts – Nevis
June 05, 2008 (CUOPM)

St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas has been suggesting ways in which the Caribbean can combat rising fuel and food prices.

Addressing the 38th Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB) the St. Kitts and Nevis leader said the need exists for farming to be seen as a business,  an examination of spending patterns, improved technologies and training.

In his address, Prime Minister Douglas noted the reality of the situation in the Caribbean at this time which is faced with “astronomical oil prices which continue to climb; rising food prices and in some cases shortages in essential items; increasing debt burdens coupled with declining access to concessionary funding; environmental concerns in particular the impact of climate change; as well as rising crime and its impact on our economies. These are coupled with the widely acknowledged problems of small size and our inherent vulnerability to natural disasters with which we continue to grapple.”

Dr. Douglas suggested the development of a strategy for dealing with issues associated with rising oil and food prices and an integrated response to rising fuel and food prices that looks at the impact on the overall fiscal and economic policy framework.

“We must examine social safety nets and their appropriateness in light of the Banks ultimate commitment to the reduction of poverty. In addition to looking at alternative sources of energy for the medium to long term, we must devise contingency arrangements for dealing with larger and longer than expected interruptions in the supply of oil and food,” said Dr. Douglas, who called for studies to be carried out on the region’s food supply to determine how adequate, dependable and affordable it is and look at ways to improve the identified short comings.

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St. Kitts – Nevis Transforms Local Economy

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St, Kitts Scenic Railway
Photo By Erasmus Williams

Basseterre, Saint Kitts – Nevis
May 21, 2008 (CUOPM)

St. Kitts and Nevis which closed its three hundred year-old sugar industry three years ago is reporting success in the implementation of strategies to transform the national economy.

Political Leader of the governing St. Kitts – Nevis Labour Party, Prime Minister Hon. Dr. Denzil L. Douglas told hundreds of Labour Party members and supporters, representatives of the diplomatic corps and business community at his party’s 76th Annual National Conference, that the success of the strategy is quite evident in the economic, social and physical infrastructure, which has been dramatically overhauled and expanded and which has acted as a magnet for foreign direct investment.

Indentifying the various projects aimed at unleashing high-end tourism services, the St. Kitts and Nevis leader referred to the strides in other areas such as financial, information and communication technology and offshore education services, which he said are already delivering substantial social and economic benefits to the people of the federation.

“Our roads and bridges are now among the best in the Caribbean region despite the recent setback. Our telecommunications services are the state-of-the-art and are now much more affordable and competitive and local ownership is now shared because of the new legislative and institutional framework that we have established,” said Dr. Douglas, in his address at the St. Kitts Marriott and Royal Beach Casino.

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