During a discussion featuring Prime Minister Hon. Dr. Terrance Drew, the public received an update regarding efforts of the government to stabilize the St. Kitts-Nevis Development Bank and the St. Christopher and Nevis Social Security Fund.
According to past reports by Prime Minister Drew, the new government met the two entities in dire situation, where the Development Bank were in debt to Social Security and payment to the lender had been halted for a period of time. The government then sought to recommence payment and increase the amount being paid to Social Security. Here is Prime Minister Drew:
But what is being done to remedy the status of the Development Bank? Dr. Drew explains:
