CDB St. Kitts and Nevis Country Strategy Approved
The Board of Directors of the Caribbean Development Bank (CDB) has approved a Country Strategy for St. Kitts and Nevis covering the period 2013-16. The document articulates the Bank's strategic focus and planned interventions to support the country's development over this period. The strategy was developed in consultation with senior officials in St. Kitts and Nevis, as well as with principal development partners. It incorporates a Management for Development framework, so that the impact of the strategy can be measured. CDB's St. Kitts and Nevis Country Strategy focuses on two strategic objectives, namely establishing an enabling environment for sustained inclusive growth and poverty reduction; and strengthening resilience by securing social stability and improving environmental sustainability. Sustained growth would result from improved competitiveness through the targeted attention to macroeconomic stability and strengthened governance, and improving the business environment through reducing infrastructure-related bottlenecks and investments that develop the productive sectors and human capital. Economic resilience would be strengthened by enhancing social stability and improving environmental stability. CDB estimates the amount of financing it would commit over the period of the strategy at USD42.70 million.