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AmericasNovember 7 2005

Big plans for a small state

St Kitts and Nevis is taking steps to sustain stable growth, benefit from regional integration and develop the financial sector according to prime minister Denzil Douglas.
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St Kitts and Nevis is small. The eastern Caribbean twin island-state is home to a population of about 40,000 and has an economy valued at just over $420m.

Like other countries in the Caribbean, it has been buffeted by a series of external shocks – hurricanes and the 9/11 terror attacks, for instance – as well as changing global economic dynamics, such as trade liberalisation that has resulted in the loss of key trade preferences.

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