St. Kitts & Nevis became a member of CARICOM on 26th July 1974. For details on the economy, political structure and demographics see the World Fact Book - St. Kitts & Nevis.
The Ministry of Finance (MOF) is empowered by the Finance Act 1990 (Act no. 9 of 1990) to regulate procurement. MOF issues Financial Regulations (FR) and Financial (Stores) Regulations by virtue of (i) The Financial Rules, 1998 [First Schedule] and (ii) The Stores Rules 1998 [Second Schedule] of the Finance and Audit Amendment Act 1998 (Act No. 25 of 1998). As executive acts, these rules can be easily changed by the Minister of Finance and do not reflect established government procurement principles and practices. Existing rules promote selective bidding, excessive discretion in decision making, and do not address issues and aspects which are key to efficiency, fairness, transparency and accountability, such as, for example:public bid opening; qualifications on suppliers and contractors; award to the lowest evaluated bidder; bid protests; debarment of bidders; disclosure of procurement rules; and maintenance of procurement records. In addition, conditions for use of various procurement methods are not defined and there are no separate rules for procurement of consulting services.
On 15th October 2008 St.Kitts & Nevis signed the CARIFORUM EC - EPA which contains public procurement conditions for the first time in a multi-lateral trade agreement in the ACP. The conditions require transparency in all Government Procurement above a threshold of approximately 164,000 Euros.
St. Kitts & Nevis has enacted the Proceeds of Crime Act No. 16 of 2000 as amended by No. 10 of 2008 and No. 19 of 2008; the Anti-Money Laundering Regulations issued by the Minister under section of 67 No. 16 of 2000. There is no integrity in public life or freedom of information legislation.
St. Kitts & Nevis has not ratified the Inter-American Convention on Mutual Assistance in Criminal Matters but not the UN Convention on Corruption and has signed the CARICOM Mutual Legal Assistance Treaty on Serious Criminal Matters.
Corruption Perceptions Index (CPI) 2009 Ranking measures the perceived level of public-sector corruption in 180 countries and territories around the world. The CPI is a "survey of surveys", based on 13 different expert and business surveys. St. Kitts & Nevis was not ranked in the CPI 2009.