The Caribbean Development Bank Providing Funding to Support Saint Kitts and Nevis’ Development Strategy

Excerpt and Photo from caribank.org

The Caribbean Development Bank (CDB, the Bank) has approved a grant of USD132,000 to the Government of Saint Kitts and Nevis (GOSKN) for the formulation of a Medium-term Development Strategy and Investment Plan for 2025-2029. The plan will promote inclusive, resilient, and sustainable development in alignment with the Sustainable Development Goals (SDGs) and the country’s National Development Planning Framework.

The project, which will be implemented by the Ministry of Economic Development and Investment (MEDI), supports the creation of a monitoring and evaluation framework inclusive of a digital tool to track progress. ​This framework will ensure comprehensive oversight over public investments, allowing for efficient resource allocation and effective programme implementation aligned with national targets. Additionally, it will seek to provide greater accountability, efficiency and sustained momentum during implementation of the development strategy.

Acting Vice President of Operations at the Bank, Mrs. Therese Turner-Jones indicated that “The Bank remains committed to assisting the Government of Saint Kitts and Nevis in crafting the requisite tools to achieve desired development outcomes. This initiative is intended to build institutional resilience and strengthen implementation capacity and good governance in the twin-island Federation.”

The GOSKN is also providing USD25,000 towards the project, which is set to support implementation of initiatives for economic diversification, renewable energy transition, sustainable agriculture, education and social programmes, and other priority areas. The new strategy will focus on climate resilience, green energy transformation, human capital and economic and institutional development, social inclusion, with an emphasis on gender equality.