Saint Christopher and Nevis. At the beginning of the
year, according to
countryaah, Saint Christopher and Nevis enacted new laws aimed at
getting the Economic Cooperation Organization (OECD) to
remove the country from its so-called gray list of countries
that did not take sufficient steps to remove the stamp as a
tax haven. Previously, Saint Christopher and Nevis had been
classified by the OECD as a non-cooperative tax haven.
In domestic politics, as usual, the rulers struggled to
overcome the very high crime rate. At the beginning of the
year, Prime Minister Denzil Douglas convened a meeting of
party borders on how to reduce the high homicide rate. It
was agreed to give the police extended powers and resources.
In addition, a reward would be paid to anyone who could give
the police tips in pursuit of suspected killers.
During the year, the country's revenues from important
tourism decreased - as a result of the global economic
crisis that blossomed in the fall of 2008. Also, the
significant financial contributions from citizens living
abroad to relatives in the home country decreased. To
mitigate the effects of the crisis on poor people, the
government raised the minimum wage and sold government land
cheaply to small farmers. In May, the country was granted a
loan from the International Monetary Fund (IMF) on the
grounds that the consequences of the crisis became
particularly noticeable to Saint Christopher and Nevis
because the islands were already hit hard by Hurricane Omar
in the fall of 2008.