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International Business Times

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IMF Report Spotlights St Kitts And Nevis' Need For Major Investment Project

International Monetary Fund St Kitts and Nevis Nevis CBI St Kitts GDP Pandemic

IMF Headquarters, Washington DC.

St Kitts and Nevis is standing at an economic crossroads. IMF data has revealed stagnating growth that requires bold action through strategic development projects that diversify the Federation's economy beyond seasonal tourism and unstable CBI revenue.

The IMF's May report observed that real GDP growth moderated to 1.5% in 2024 and is only expected to reach 2% in 2025. These figures are both significantly down on the 4.3% growth seen in 2023.

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