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St. Kitts and Nevis Information
St Kitts and Nevis Welcome New Investment Bank
2010-02-12 21:28:37 by
PM Hon. Dr. Denzil Douglas has announced that the federation of St Kitts and Nevis will be the location for the Libyan Investment Bank.

As reported by CaribbeanPressReleases,
"'The proposal that was made by the Government of St. Kitts and Nevis, when I was first here in Tripoli in July last year, has been finally accepted by the Libyan Government through expressions of support from the Prime Minister and will be located in St. Kitts. It is from this bank in the Eastern Caribbean that investment funds will flow for the financing of important projects in the Eastern Caribbean and the wider Caribbean region,' said Prime Minister Douglas.

"He said the Libyan Investment Bank is important to St. Kitts and Nevis as his administration continues efforts to diversify the national economy and look forward for additional financing to support a number of importan developmental projects which are critical for the continuing advancement of the quality of life of the people of St, Kitts and Nevis."

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