Are Citizenship by Investment Programmes Sustainable?
Reposted from the Caribbean Trade Law and Development website.
The International Monetary Fund (IMF) in its end of mission press release following its recently concluded Article IV Consultation mission in St. Kitts & Nevis highlighted that strong construction activity, driven in part by large real estate projects funded under the island’s Citizenship by Investment (CBI) programme, had contributed significantly to the island’s five percent economic growth in 2015. Although the Article IV report itself has not been made available, the end of mission press release noted as follows:
Read more at –Caribbean Trade Law and Development
Barbados Underground 
Isn’t it true St. Kitts for example has created the 100% services economy? There is tourism and CBI.
Isn’t it also true as a country it has had to take a lot of flack from North America because of the sale of passports?
While conceptually some defend CBI as another opportunity like the offshore sector it makes us very vulnerable to moving goal post by the OECD countries who have been pulling back with regulation of late. We need to look at more created/productive opportunities based on the skills of our people.
LikeLike