The federal government is advancing efforts to establish a fair share agreement between the two islands, enlisting the expertise of an independent body under the World Bank.

Prime Minister and Minister of Finance, Dr. Terrance Drew, stated during a discussion with the media earlier this month, “an independent body will provide the objectivity and credibility required to develop an agreement that reflects the best interests of all citizens, ensuring a sustainable and equitable framework for generations to come.”

He highlighted that the issue of revenue distribution, concerning non-taxable revenue from the Citizenship by Investment (CBI) program, has made the establishment of a fair share agreement more critical than ever.

Prime Minister Drew also noted that the federal government continues to provide robust support to Nevis through essential services and direct financial contributions, such as funding for national security, ports, airports, and fire services, as well as monthly budgetary support.  The Prime Minister also called for patience and understanding from citizens as the process unfolds.

The plans for an independent body and a framework surrounding the “fair share” has been mentioned before. In April 2022, under the previous Team Unity administration, the-then Prime Minister, Dr. Timothy Harris spoke of the World Bank setting up a framework for the proper distribution of the CBI’s proceeds between St. Kitts and Nevis.