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PM DREW & MINISTER DUGGINS SIGN WHOPPING EC$300 MILLION LOAN DEAL — IS ST. KITTS-NEVIS HEADING BACK TO THE IMF?

Summary by Times Caribbean
Debt Bombshell Sparks Fears of Another Financial Crisis Amidst Record Spending Basseterre, St. Kitts – In what is being described by economic observers as a debt time bomb in the making, Prime Minister Dr. Hon. Terrance Drew and Minister of Economic Development Hon. Samal Duggins have signed off on an eye-watering EC$300 million loan agreement with the African Export-Import Bank (Afreximbank) — triggering immediate concern about the fiscal direc…
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Times Caribbean broke the news in Saint Kitts and Nevis on Tuesday, July 29, 2025.
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