‘Financial Institutions march towards path of recovery, says PM Terrance Drew

Basseterre, St Kitts and Nevis: Terrance Drew, Prime minister of St Kitts and Nevis, emphasized during a National assembly that the country’s financial institutions have been progressing and marching towards recovery. 

During the National Assembly’s session held on June 20, 2023, the Prime Minister of St Kitts and Nevis provided detailed information about the current status of various financing institutions and claimed that he received positive results. 

According to the reports, Minister Drew addressed the National Assembly about the following major financial institutions, all of which are crucial to the government of the twin-island federation. Following are the financial institutions PM Drew mentioned in the National Assembly-

• St Kitts and Nevis Anguilla National Bank
• The Development Bank of St Kitts and Nevis
• St Christopher and Nevis Social Security Board

Minister Drew publicized the information through his official Facebook account that the island’s three most important financial institutions had been successfully initialized. 

While expressing his happiness at transforming the banks into better working conditions and adding more improvements, he said, “Greetings; I am happy to inform you that our major financial institutions are now on the path of recovery.” 

He continued by saying that St Kitts and Nevis Labour Party (SKNLP) government has been seriously handling the matter in order to revive the three financial institutions and make them operate sufficiently. Minister Drew also remarked that several new policies and changes had been implemented. 

Minister Drew also appreciated every institution’s board of directors and staff members for their hard work and dedication to their duty. 

In addition, the Prime Minister commented that the financial institutions’ state and operation have been improving due to a successful strategy adopted by various institutional and governmental organizations. While explaining the matter, he briefly explained the current situation and recently established policies.

The government of St Kitts and Nevis has been implementing more effective strategies and policies for strengthening various sectors of the country. 

The major financial institutions are currently on the road to recovery as the government focuses on taking the critical steps necessary for the growth and development of the island. Terrance Drew, the prime minister, said, “The government promised, and we delivered.