Economic and Financial Review, Quarter 1, 2014
The Nevis Island Administration has embraced the overarching objective of facilitating economic expansion and job creation by undertaking policies to improve the government’s financial position and providing the impetus for business creation and growth. Indications are pointing to the realization of such objective. Despite the severity of the economic downturn and heavy debt burden that we inherited when we returned to office in January of 2013, we are witnessing signs of improvement in the key sectors of tourism, financial services and construction. We have confidence that there will be a continued uptick in these sectors over the 2014 period and are hopeful that they will prove to be resilient over the medium term.