Basseterre, St. Kitts, February 7, 2025 (PMO)– The long-standing issue of fair revenue sharing between St. Kitts and Nevis will soon be an issue of the past as the World Bank has handed over a comprehensive report, providing expert-driven recommendations for an equitable financial arrangement.
Prime Minister Hon. Dr. Terrance Drew, during yesterday’s (February 6th) Round Table discussion, hailed the report as a breakthrough moment in the Federation’s financial history.
“For decades, the issue of fair revenue sharing has been unresolved. Past governments failed to develop a structured, transparent model. Today, for the first time in history, we have an expert-backed framework to guide us toward a fair and sustainable solution,” stated Dr. Drew.
The World Bank’s recommendations include an economic assessment and financial models, ensuring that revenues generated by the federal government are allocated fairly between St. Kitts and Nevis.
Premier Hon. Mark Brantley has been engaged in discussions with Prime Minister Drew, as both leaders work toward an agreement that ensures Nevis receives its rightful share of national revenues while maintaining fiscal balance within the Federation.
“We are determined to get this right,” Dr. Drew emphasized. “Fair revenue sharing is a fundamental issue that must be resolved to strengthen national unity and economic cooperation.”
The government will now engage with key stakeholders—including the Nevis Island Administration and the Federal Cabinet—to finalize a fair, transparent, and sustainable revenue-sharing model.
“This is a new era for St. Kitts and Nevis,” said Dr. Drew. “We will ensure that every dollar is accounted for and that every Kittitian and Nevisian benefits from our national wealth.”
Further updates will be provided as discussions progress and legislative measures are prepared.
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