It was recently reported that surpluses are up for Nevis West Indies, despite the international economic and financial crisis.

The Labour Spoksman reported that St. Kitts and Nevis Minister of Finance, Dr. the Hon. Timothy Harris said that the twin-island Federation chalked up surpluses on the primary balance for the first six months of the year.

Recently returning from the Commonwealth of Dominica, he attended a meeting there of OECS Ministers of Finance at which the finances of the member states were discussed.

There, the Governor of the Eastern Caribbean Central Bank (ECCB), Sir K. Dwight Venner, brought the Ministers of Finance and other officials up to date on the international economic and financial crisis. It was discussed how it was impacting on credit and money supply on the Eastern Caribbean Currency Union (ECCU).

Dr. Harris said:

“It is not perfect here, but we in St. Kitts and Nevis are among the top performers in the nine countries of the OECS Currency Union. It is working under this Labour Government. It is working.”

“Mr. Governor; I am pleased to report that under my watch, every month from January 2009 to June 2009, our country (St. Kitts and Nevis), has recorded a surplus of EC$80 million up to June 2009.”

The Federal Minister of Finance said:

“We have had a very showing in terms of delivering fiscal performance. We contain expenditure. We went out on a massive revenue collection program. We launched an amnesty for delinquent taxes.”

So, there you have it! Nevis Island seems to be doing well, and maybe even better than the U.S. and a few other nations around the world.

For information on the East Caribbean Dollar for those who need the help, check out economicexpert.com.

You can also check into The Bank of Nevis Ltd..

HERE is a list of more options for Banks in Nevis and St. Kitts

Nevis Lover ~ Becca Briley

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