Prime Minister of St. Kitts and Nevis Denzil Douglas

BASSETERRE, ST.KITTS – St. Kitts and Nevis’ Prime Minister The Right Hon. Dr. Denzil L. Douglas said government has been advised to delay interest payments until the conclusion of ongoing negotiations with the debt advisors on the restructuring of the national debt.

“We have been advised that until the negotiations are completed and the final position is taken, we will hold the payment of interest on these bonds until the final decision and agreement is reached,” Prime Minister Douglas told reporters during his monthly press conference Wednesday afternoon.

Dr. Douglas said government met as recent as Wednesday morning with a team from the debt advisors.

“The debt advisors continue discussions with the creditors before the final position is placed before the government,” said Dr. Douglas.

Dr. Douglas explained that Government Treasury Bills are not part of the debt restructuring exercise.