Basseterre, St. Kitts and Nevis, May 8, 2026 (PMO) — The International Monetary Fund (IMF), in its 2026 Article IV Staff Report on St. Kitts and Nevis released on May 8th, has projected that the Federation’s economy will rebound in 2026 and continue strengthening over the medium term, identifying construction, agriculture, renewable energy and tourism as key sectors driving the country’s growth trajectory. The report noted: “Economic growth slowed in 2025 but is expected to rebound to 2 percent in 2026 and strengthen over the medium term.”
The IMF’s assessment comes at a time when the Government continues to advance its Sustainable Island State Agenda (SISA). Major construction activity includes the new Basseterre High School at Victoria Road, ongoing upgrades at the Joseph N. France General Hospital including the MRI Centre, and the Basseterre Desalination Plant project. The Greenhouse Village Initiative at Brotherson Estate is pushing forward the agricultural agenda. The IMF positively referenced the Federation’s energy transition efforts, noting that “a successful energy transition could strengthen medium-term growth” — aligning with the geothermal drilling contract signed with Iceland Drilling and continued investment in solar energy and battery storage. Prime Minister Drew welcomed the IMF’s outlook: “This report reflects that our country is building a more sustainable and resilient economy, one grounded not in dependence on a single sector, but in strategic investment across construction, agriculture, renewable energy, tourism and people development.”