IMF RINGS THE ALARM! ST. KITTS & NEVIS ECONOMY FALTERS AMID COLLAPSING CBI REVENUE AND FISCAL CHAOS

IMF Warns St Kitts: Deficit hits 11% of GDP amid CBI revenue decline

The IMF says following the post-pandemic rebound in St Kitts, the economy is facing challenges with real GDP growth moderated to 1.5 per percent in 2024. The report stated that the fiscal deficit increased to 11 per percent of GDP in 2024, mainly driven by a sharp decline in Citizenship-by-Investment (CBI) revenue amid recent reforms aimed […]

IMF RINGS THE ALARM! ST. KITTS & NEVIS ECONOMY FALTERS AMID COLLAPSING CBI REVENUE AND FISCAL CHAOS

2025 Article IV Report Exposes Drewnamic Disaster in the Making BASSETERRE, ST. KITTS — The International Monetary Fund (IMF) has delivered a scathing reality check to the government of St. Kitts and Nevis in its 2025 Article IV Consultation, warning of a deteriorating fiscal outlook, deepening deficits, and a brewing financial crisis—all under the watch of Prime Minister Dr. Terrance Drew. What was once touted as a revitalised, post-COVID econo…