“Substantial strides have been made under St. Min Zhu, Deputy Managing Director and Acting Chair, issued the following statement: 1įollowing the Executive Board discussion, Mr. In accordance with Fund policy, Post-Program Monitoring (PPM) will now be initiated. In completing the review, the Executive Board also approved the waiver of the non-observance of the continuous performance criterion on external arrears.Īfter the expiration of the SBA, St Kitts and Nevis and the Fund will continue to maintain a fluid and constructive policy dialogue.
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14/117), and on Jthe authorities started to make repayments to the Fund ahead of schedule (see: Press Release No. In March 2014, the authorities decided to treat the arrangement as precautionary (see: Press Release No. The SBA was originally approved on J(see Press Release No.11/295), for SDR 52.51 million (about US$84.5 million at the time of the approval of the SBA), or 590 percent of St. The authorities have expressed the intention to continue to treat the arrangement as precautionary. The completion of this review enables the authorities to draw an additional amount equivalent to SDR 2.931 million (about US$4.5 million), bringing the total resources available for immediate disbursement to St Kitts and Nevis under the arrangement to SDR 5.141 million (about US$7.9 million). Kitts and Nevis’ economic performance under a program supported by a 36-month Stand-By Arrangement (SBA). The Executive Board of the International Monetary Fund (IMF) on July 11 completed the ninth and final review of St. Kitts and Nevis, Approves US$4.5 Million Disbursement Get citizenship for yourself and your family members in a beautiful country and travel without a visa in 125 countries (including the EU, the Schengen zone, Singapore and Hong Kong), while benefiting not only your wallet but also those who suffer damages during the hurricane season.Press Release: IMF Board Completes Final Review Under SBA for St. Make sure to take advantage of this opportunity while you still can. Since the specific aim of the hurricane Relief Fund is to aid repairing damages of the current hurricane season (ending in November 2017), donations to the Fund are accepted only until the end of March 2018. In this promotional donation, only the destination of the donation is changed the procedure is the same as in the regular citizenship program, meaning you can apply together with your spouse, dependent children under the age of 30, and dependent parents over the age of 55. Kitts citizenship, together with their family members – just as in the regular citizenship program. Now investors donating USD 150,000 to the Fund become eligible for St. The set-up of the Hurricane Relief Fund means a new alternative to the current investment citizenship system. As a result, the operator of the local investment citizenship program decided to set up the Hurricane Relief Fund in order to ease the reparation of damages caused by hurricanes during the current hurricane season. This year’s hurricane season already brought two major hurricanes in the area, causing exceptional damage to the country. Kitts usually lasts from the beginning of June till the end of November. Kitts and Nevis citizenship for yourself and your family for only USD 150,000.
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From now till March 2018, you can get St.
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Kitts and Nevis decided to launch a new option in their citizenship program. Out of consideration for the current hurricane season, the government of St.