Observers have had persistent concerns about the lack of transparency about SIDF, which was set up by Henley and Partners. The IMF said in 2014 that the SIDF needs to make "substantial improvement in its reporting to enhance the transparency of its operations." The U.S. State Department said in 2017 that there was a "lack of financial oversight" of the SIDF. Transparency International said it was unclear whether the SIDF used its money to benefit the St. Kitts and Nevis population.
