One Bill will receive its first reading during a Sitting of the National Assembly slated for Thursday Feb. 12^th, at 10:00 a.m, at the National Assembly Chambers, Government Headquarters, Basseterre, St. Kitts.

Prime Minister and Minister of Finance et.al, the Hon. Dr. Terrance Drew, will seek leave to introduce and have read a first time the Saint Kitts and Nevis Sovereign Wealth and Resilience Fund Bill, 2026.

In support of the Sovereign Wealth Fund, the International Monetary Fund (IMF), while visiting SKN for bilateral discussions in early 2025, which formed part of Article IV of the IMF’s Articles of Agreement, said in its report of SKN’s economy, “the planned establishment of a Sovereign Wealth Fund (SWF) is welcome.”

A Sovereign Wealth Fund is a state-owned investment fund that governments use to invest surplus revenues and other financial reserves. This type of Fund is used generally to stabilize economies and grow national wealth.

A release from the Federal Government in 2025 stated: “once operational, the SWF will be managed by an independent Board of Trustees, comprising professionals with expertise in finance, economics, and law.”