Saint Christopher and Nevis. In May, the Paris Club lenders promised to rewrite the loans to Saint Christopher and Nevis, which lowered interest costs by 90%. The decision was a result of the small island nation in July 2011 having entered into a loan agreement with the International Monetary Fund (IMF). In July, the next good financial news came. Then the United Kingdom agreed to write off all the country’s loans to its former colony. It was a welcome decision for Saint Christopher and Nevis, which has long been drawn with large external debt, which was partly due to the fact that the state used to subsidize the unprofitable sugar industry. The British Minister for International Development, Alan Duncan, said the decision was due to Saint Christopher and Nevi’s government demonstrating good financial governance, with convincing efforts to fight poverty and the pursuit of a sustainable economy.
- AbbreviationFinder.org: Provides most commonly used acronyms and abbreviations for St. Kitts and Nevis. Also includes location map, major cities, and country overview.
According to countryaah, the population of Saint Kitts and Nevis in 2012 was 51,092, ranking number 211 in the world. The population growth rate was 0.880% yearly, and the population density was 196.9346 people per km2.