Advertisement

St Kitts and Nevis extends poverty alleviation programme

The Prime Minister of St Kitts and Nevis, Dr Timothy Harris announced an extension of the country's poverty alleviation programme, funded by the proceeds of the nation's Citizenship by Investment (CbI) scheme, on Tuesday evening. The government has invested a total of $80 million to aid those affected by the COVID-19 pandemic through this scheme so far, while a further $40 million will go towards stimulating the economy.

The country's fiscal position was the best in the region in the first quarter of this year. While COVID-19 shook the twin islands' economy and society, PM Harris says that the country overcame the spread of the virus thanks to its health experts. Now, St Kitts and Nevis is focused on supporting those impacted most and reviving its economy.

"We will bring an institutional and people response to the crisis," PM Harris said on the Leadership Matters programme. He continued: "We announced the largest and most comprehensive response on a per capita basis to COVID-19. To mitigate the impact on our people, we announced a 1,000-dollar grant by Social Security, the 500-dollar PAP programme was to be extended, we waived water charges for three months in the first instance, we instituted a moratorium on electricity bills for three months, a moratorium on mortgage payments for six months. Indeed, we put the people first and, in particular, those more severely hit by COVID-19."

GDP projections around the globe are unprecedented, according to the IMF's updated World Economic Outlook report. For this reason, the Prime Minister of St Kitts and Nevis said that the country must rely on its own capabilities to overcome this crisis.

St Kitts and Nevis Extends CBI-Funded Poverty Alleviation Programme

 
 
 

LONDON, July 2, 2020 /PRNewswire/ -- The Government of the Federation of St Kitts and Nevis has extended the Poverty Alleviation Programme (PAP) – a project funded with Citizenship by Investment (CBI) proceeds. Prime Minister Dr Timothy Harris mentioned this in a TV broadcast on Tuesday evening. He also said that the government has invested a total of $80 million to aid those affected by the pandemic. A further $40 million will go towards stimulating the economy.

PM Harris explained that the country's fiscal position was the best in the region in the first quarter of this year. While COVID-19 shook the twin islands' economy and society, PM Harris says that the country overcame the spread of the virus thanks to its health experts. Now, St Kitts and Nevis is focused on supporting those impacted most and reviving its economy.

"We will bring an institutional and people response to the crisis," PM Harris said on the Leadership Matters programme. He continued: "We announced the largest and most comprehensive response on a per capita basis to COVID-19. To mitigate the impact on our people, we announced a 1,000-dollar grant by Social Security, the 500-dollar PAP programme was to be extended, we waived water charges for three months in the first instance, we instituted a moratorium on electricity bills for three months, a moratorium on mortgage payments for six months. Indeed, we put the people first and, in particular, those more severely hit by COVID-19."

GDP projections around the globe are unprecedented, according to the IMF's updated World Economic Outlook report. For this reason, the Prime Minister of St Kitts and Nevis said that the country must rely on its own capabilities to overcome this crisis.

BLOG COMMENTS POWERED BY DISQUS
Advertisement