Basseterre, St. Kitts, March 24, 2020 (SKNVIBES)
As part of its comprehensive stimulus package announced to soften the significant health, fiscal and economic impact the COVID-19 disease (novel coronavirus) would have on the Federation of St. Kitts and Nevis, the Team Unity Government has committed to the provision of additional resources in the region of $12 million to capitalize the Severance Payment Fund.
This was announced by Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris when he addressed the nation during a press conference today, Tuesday, March 24, at the Ocean Terrace Inn (OTI).Prime Minister Harris noted that the reasons behind the injection of $12 million into the severance fund is obvious in that “with higher unemployment, we expect that there will be greater demand upon the Severance Fund.”

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