Basseterre, St. Kitts (PMO) – The long-standing issue of fair revenue sharing between St. Kitts and Nevis is set to be resolved, as the World Bank has delivered a comprehensive report offering expert recommendations for an equitable financial arrangement.
Prime Minister Hon. Dr. Terrance Drew praised the report during a Round Table discussion on February 6th, calling it a breakthrough moment in the Federation’s financial history. “For decades, the issue of fair revenue sharing has remained unresolved. Past governments failed to create a structured and 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 designed to ensure that revenues generated by the federal government are allocated fairly between St. Kitts and Nevis.
Premier Hon. Mark Brantley has been actively engaged in discussions with Prime Minister Drew as both leaders work toward an agreement that guarantees Nevis receives its rightful share of national revenues while maintaining fiscal balance within the Federation.
“We are determined to get this right,” emphasised Dr. Drew. “Fair revenue sharing is a fundamental issue that must be resolved to strengthen national unity and economic cooperation.” The government will now consult 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.