Government invests in alternate areas of economic growth in the midst of COVID-19 Pandemic

Government invests in alternate areas of economic growth in the midst of COVID-19 Pandemic

The Government of St. Kitts and Nevis has revisited three (3) key sectors to make major investments so that citizens and nationals will have more opportunities to earn a living during the COVID-19 pandemic.

 

A $120 Million EC stimulus package announced in March 2020 was dedicated to alleviate the economic impacts the current pandemic would have on the Federation’s economy, as well as invest in these sectors.

 

Prime Minister – Dr. the Hon. Timothy Harris, explains where these investments are taking place:

 

 

He spoke about how citizens from those sectors, benefited from the stimulus:

 

Prime Minister, Dr. the Hon. Timothy Harris.

 

This comes as a result of the impact the COVID-19 pandemic has caused on the Hospitality sector.

 

Since the closure of our borders on March 25th 2020, the sector has seen a major decrease in travelers.  

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