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Economic Management
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Manifesto
Minimum weekly wage 
Foreign direct investment 
Economic Management Private Sector Profitability, Exports to US :
- Local corporations are reporting record profits.
- St. Kitts & Nevis’ exports to the United States in 2008 exceeded the combined exports of Barbados, Grenada, St. Lucia, Dominica, and other OECS countries.
Price Controls, Poverty Reduction:
- When rising food prices threatened to spiral out of control in 2008, Labour instituted price controls limiting what retailers could charge for essentials items.
- The Caribbean Development Bank reports that the percentage of the population living in extreme poverty has reduced from 11% in 2000 to 1.4% by 2008.
International Monetary Fund [IMF] 2009 Assessment of St. Kitts-Nevis Economy
In June 2009, the IMF:- Predicted that St. Kitts & Nevis was poised for strong growth.
- Described the Labour Government’s record of debt service record as “exemplary”.
- Affirmed that Labour had reduced the country’s Debt:GDP ratio by 20%.
- Reported that this government had slashed its overdraft by 50%.
- Explained that any slight downturn [1.2%,] would be fully attributable to the global crisis, the ramifications of Hurricane Omar, and rising food and fuel prices in 2008 – not the policies of the Labour Government.
The Fund sees the government’s policies as sound, and urges their continuation if St. Kitts & Nevis is to realise the “strong growth” it predicted.
Financial Services:- Labour has been aggressive on the global financial stage, where appropriate, in order to maximise the financial returns possible within this sector.
- Labour has simultaneously demonstrated the insights and adaptability required to avoid the onerous penalties and sanctions that have been imposed on other jurisdictions.
