St Kitts and Nevis starts Junior Savings Cooperatives in Govt primary schools

Saint Kitts and Nevis, Environment and Cooperatives Minister the Honourable Eric Evelyn, while his maiden Budget Presentation in the Federal Parliament on December 18, 2020, stated that all government primary schools in the country now have Junior Savings Cooperatives.

Minister of Environment and Cooperatives, the Honourable Eric Evelyn

St Kitts and Nevis: Saint Kitts and Nevis, Environment and Cooperatives Minister the Honourable Eric Evelyn, while his maiden Budget Presentation in the Federal Parliament on December 18, 2020, stated that all government primary schools in the country now have Junior Savings Cooperatives.

A Junior Savings Cooperatives is a saving plan where children can bank monies. Minister Evelyn told that young people are the future and it’s essential to teach them about saving and how to build their money.

Minister Evelyn also pointed out that they want to promote thrift, savings and trust and community among the young people and that is why the government of St Kitts and Nevis wish to begin it down there at the primary level. Then, of course, we want to take it to the secondary level as well.

Honourable Eric Evelyn further stated that work had already started with the Epworth Maurice Hillier Primary School to get them officially registered.

He continued that they held meetings with parents, staff and students, as well as made some work with the by-laws. However, COVID-19 came and paused the progress.

Minister Evelyn said that the plan is to resume in 2021 and get them registered.

It is crucial to note that Minster said that the financial institutions regulated by cooperatives play a vital role in any country.

In conclusion, the Minister said that “We can understand that cooperatives make an extraordinary and significant contribution to the development of the country. And so, we are working diligently with the cooperatives that are there to encourage them”.

Currently, there are 13 cooperatives in St. Kitts, to which the Minister said he is very proud of. These involve but are not confined to the Gideon Force Agricultural Cooperatives; the St. Kitts Farmers Cooperatives; the Sandy Point Agricultural Cooperatives; the St. Kitts Bee Keepers Cooperatives; the St. Kitts Taxi Cooperatives and the St. Kitts Schools Apex Cooperatives.

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