Prime Minister and Federal Minister of Finance, the Hon. Dr. Terrance Drew.

His remarks were made during his Round-Table Discussion with the media on Thursday Feb. 6^th. In addition, the comments came following the Prime Minister’s announcement in January, that the federal government is advancing efforts to establish a fair share agreement between the two islands.

At that time, he said the government will enlist the expertise of an independent body under the World Bank. 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.

Specifically, as it relates to CBI revenue sharing, plans for that were mentioned before, when in April 2022, under the previous Team Unity administration, the-then Prime Minister, the Hon. 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.