Basseterre, St. Kitts, January 14th, 2025 (PMO)—The government of St. Kitts and Nevis
is advancing efforts to establish a fair share agreement between the two islands, enlisting
the expertise of an independent body under the World Bank.
In a recent interview, Prime Minister Hon. Dr. Terrance Drew emphasized the importance
of this initiative in ensuring equitable revenue distribution and fostering fairness within the
Federation.
“This administration is committed to fostering fairness, transparency, and collaboration
between St. Kitts and Nevis,” Dr. Drew affirmed.
He outlined, “An independent body will provide the objectivity and credibility required to
develop an agreement that reflects the best interests of all citizens, ensuring a sustainable
and equitable framework for generations to come.”
The Prime Minister highlighted that the issue of revenue distribution, particularly
concerning non-taxable revenue from the Citizenship by Investment (CBI) program, has
made the establishment of a fair share agreement more critical than ever. The framework
under development will address these challenges while aligning with constitutional
provisions and strengthening the relationship between the two islands.
“The current framework for sharing taxable revenue is outlined in our Constitution, but the
rise of non-taxable revenue sources such as the CBI program has introduced complexities
that must be addressed. Our goal is to ensure that both islands benefit equitably from the
Federation’s economic progress while maintaining our commitment to good governance
and fiscal responsibility,” Dr. Drew explained.
Prime Minister Drew also noted that the federal government continues to provide robust
support to Nevis through essential services and direct financial contributions. These
include funding for national security, ports, airports, and fire services, as well as monthly
budgetary support.He underscored that having the World Bank facilitate the process adds
significant value by ensuring impartiality and adherence to international best practices.
“This initiative will bring clarity and resolution to a matter that has often been contentious. It
demonstrates our commitment to resolving complex issues with integrity and
transparency.”
The Prime Minister also called for patience and understanding from citizens as the process
unfolds. “This is a matter of great importance, and we are determined to get it right. The
engagement of an independent body ensures that the final agreement will be one that
stands the test of time and reflects the principles of fairness and equity.”
