Financial Institutions of St Kitts and Nevis on road to recovery: PM Terrance Drew
Financial Institutions of St Kitts and Nevis on road to recovery: PM Terrance Drew || image credits: PM Terrance Drew

Basseterre, St Kitts and Nevis: Prime Minister Dr Terrance Drew says that the financial institutions of St Kitts and Nevis have been moving on the recovery path. 

Prime Minister conveyed the information and current status of the different financial institutions during his appearance in a recent National Assembly Sitting, 2023, held on Tuesday, June 20, 2023.


As per the reports, in his address during the National Assembly Sitting, Prime Minister Terrance Drew has commented on the number of major financial institutions essential to the government of the Twin Island Federation listed below:

–         St Kitts and Nevis Anguilla National Bank.

–         The Development Bank of St Kitts and Nevis. 

–         St Christopher and Nevis Social Security Board

Following this, PM Drew has taken to his official social media handle to confirm the successful initialization of the three major financial institutions in the nation. 

While expressing his pride and happiness in transforming the institutions into better working conditions and adding further improvement, Prime Minister said, “Greetings, I am happy to inform you that our major financial institutions are now on the road to recovery.”


In his remarks, he further took it to explain that the government of St Kitts and Nevis labour party (SKNLP) has been taking the matter into serious consideration. He stated that various new policies and amendments have been applied in all three financial institutions in order to revive them and running efficiently, as per the updates.

Furthermore, through his official Facebook account, Prime Minister Terrance Drew has also commended the exceptional work done by the involved parties who have played a vital role in transforming the financial institutions. 

In this context, he wrote, “I would like to thank the board of directors and the staff of these institutions for their hard work and dedication. It took a great deal of intensive work to get them on the right path in less than a year.”

Moreover, he also outlined that the condition and functionality of the financial institutions have been on the path to recovery through a thriving approach from the different government and institution bodies. In addition, he explained the present position, details, and newly introduced policies while bringing the topic to the table.

It is noteworthy that the government of St Kitts and Nevis has been delivering better policies and strategies to enhance the country’s different sectors. 

The government has taken the essential measures important to the growth and development of the Caribbean country with utmost priority, among which the major financial institutions are now on the comeback trail. “The government promised, and we delivered,” concluded the Prime Minister, Terrance Drew.

Tariq Saeed