BASSETERRE, St. Kitts, June 8TH 2011 (CUOPM) – There are no conditions attached to the US$84 million Stand By Arrangement which the Washington-based International Monetary Fund (IMF) will give to St. Kitts and Nevis for financing gap over the next three years, a senior IMF official has disclosed.
“The good news is there are not really conditions, I think the term conditions is really a misnomer in this particular case,” said Mr. Alfred Schipke, the Washington-based Division Chief, Caribbean 1 Division, Western Hemisphere Department of the International Monetary Fund (IMF).
Responding to questions from the local press corps, Mr. Schipke said the Government of St. Kitts and Nevis “in its own programme has set itself targets and what we would do with the government jointly is to review the targets on a regular basis.”
“The Government has put forward a set of complimentary reforms and we support them. As a matter of fact, what we will try to do is to demonstrate to the international community all the efforts that the Government is making. It is the Government’s targets and what we would do is, as we have over the last year or so and on a regular basis discussed on how the government was moving forward with its reform programme,”said Schipke.
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