St Kitts-Nevis achieves 60 percent debt to GDP ratio


Prime Minister Dr Timothy Harris

By Clive Bacchus

BASSETERRE, St Kitts (WINN) — Prime Minister Dr Timothy Harris has reported a 60 percent debt to GDP ratio and financial surpluses for St Kitts and Nevis.

The prime minister, in making his opening remarks at his monthly press conference, said, “The financial secretary has reported that our debt ratio, which stood at 78 percent at the end of December 2014, is now in keeping with the international benchmark of 60 percent debt to GDP ratio.”

Harris offered examples of the steps taken to lower the country’s debt to GDP ratio.

“We got to this milestone by making a substantial payment of $36.2 million on the land for debt swap arrangement with National Bank. We achieved this milestone by paying down a total of $25.1…

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