Prime Minister and Federal Minister of Finance, the Hon. Dr. Terrance Drew, announced that work has been done with respect to the Sovereign Wealth Fund (SWF), on Feb. 27^th.

PM Terrance Drew.

It comes on the heels of the International Monetary Fund (IMF’s) visit to SKN. This was the IMF’s annual bilateral discussions with its members, under Article IV of the IMF’s Articles of Agreement.

Thus, the 2025 Article IV Report on St. Kitts and Nevis’ economy was issued and can be viewed at imf.org.

In support of the Fund, IMF said in the report, “the planned establishment of a Sovereign Wealth Fund (SWF) is welcome.” SWF, or Sovereign Investment Fund, is a state-owned investment fund.