Home  News Regional News Let's not be complacent, warns PM
|
Let's not be complacent, warns PM |
|
|
|
|
Sunday, 23 November 2008 |
BASSETERRE - Prime Minister Denzil Douglas says though the St. Kitts and Nevis economy remains resilient for the time being, the country must remain watchful of the global financial situation.
“I am delighted that the cruise ships are still coming to our shores and our hotel reservations are still looking very promising. This, I believe, testifies to the robustness and the resilience of our economy in St. Kitts and Nevis. However, we must not be lulled into a sense of complacency,” the Prime Minister said here on Wednesday.
“We are a part of the global community, and if the roof of the global economy falls in, we too could get wet when the rain comes pouring in,” he warned.
The Kittitian leader was at the time addressing a ground breaking ceremony for the construction of the 18-hole championship golf course, which has been designed by world famous Tom Fazio.
The project forms part of a major tourism development on the island that includes a world-class Mandarin hotel; a marina village capable of accommodating private yachts; restaurants and five star resort facilities.
With the current global economic environment characterized by financial crises, economic malaise, and outright fear among investors and workers alike, Douglas said he was pleased to welcome the latest investment in the 250-acre golf course project.
“Indeed, no country on the face of the globe can feel completely secure in the face of unprecedented turbulence in the global economy,” he said, while calling on stakeholders to promote the competitiveness of St. Kitts and Nevis “through enhanced productivity so that even as the global pie gets smaller we may continue on a path of growth by carving out for ourselves a bigger share of that pie.”
|
|
|
|
