Basseterre, St. Kitts, October 29, 2018 – The Basseterre-based Eastern Caribbean Central Bank (ECCB) has pulled the June 2018 Economic and Financial Review for St. Kitts and Nevis from its website. The report was posted just over a week ago and has been hurriedly pull after Prime Minister of St. Kitts and Nevis held meetings with some ECCB staffers on Friday. No reason has been given for the report’s removal from the ECCB website.
The removal, coincidently, comes days after the Washington-based International Monetary Fund (IMF) informed nations world-wide, local, regional and international organisations, investors, and stakeholders that the Timothy Harris-led Team Unity Government in Basseterre is blocking the publication of the latest IMF Staff report on St. Kitts and Nevis and has not consented to its publication.
Since the posting of the IMF statement, the Office of Prime Minister Harris has disseminated several news releases quoting information from the ECCB 2018 Economic and Financial Review.
The IMF in the statement on its website noted that its IMF Mission visited St. Kitts and Nevis late June early July and on its return, the staff submitted its report to the IMF’s Executive Board for discussion.
“The Board’s views are subsequently summarized and transmitted to the country authorities. The authorities have not consented to publication of the Staff Report and the related press release,” the IMF said.
The IMF pointed out that on September 14, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the consideration of the Article IV consultation with St. Kitts and Nevis.
It has been learnt that these developments are being followed closely.