St. Kitts and Nevis plans to cut CBI revenue dependence

Prime Minister Terrance Drew said his government has been working since 2022 to reduce St. Kitts and Nevis’ dependence on Citizenship by Investment (CBI) revenue and diversify the economy.

• Drew said CBI made up almost 70% of the budget when he took office, and the government aims to reduce that share to below 20% in 2026 and less than 10% in 2027.
• He said the administration has already set out the Sustainable Island State Agenda and the Sustainable Economic Expansion and Diversification initiative, with focus areas including construction, tourism, agriculture, sustainable projects, plus geothermal development in Nevis, solar power in St. Kitts, water infrastructure, and digitisation of public services.