Dominica PM Highlights Citizenship by Investment Program's Impact During Dubai Visit

Prime Minister Roosevelt Skerrit of Dominica recently visited Dubai to discuss the impact of the country's Citizenship by Investment (CBI) program on its socioeconomic development. During his visit, Skerrit emphasized how the CBI program has contributed to economic growth, job creation, and infrastructure improvements in Dominica.

Skerrit credited the CBI program for aiding Dominica's recovery after the devastating impact of Hurricane Maria in 2017. "The CBI program allowed the country to continue generating revenue quickly after the disaster," he stated. The Prime Minister also highlighted the importance of unity among Caribbean nations offering similar programs and the need for good governance in the CBI sector.

Why this matters: Dominica's CBI program has played a vital role in the country's economic development and disaster recovery efforts. Skerrit's visit to Dubai underscores the global significance of such programs and the need for collaboration and high standards in the citizenship by investment industry.

During his visit, Skerrit met with industry stakeholders and thanked them for their contributions to the success of Dominica's CBI program. He emphasized the responsibility of agents in ensuring the program's continued success and expressed his commitment to maintaining high standards and transparency.

Skerrit also discussed the multifaceted impact of the CBI program, not only as a financial instrument but also as a means of fostering a sense of citizenship and belonging. He mentioned that Dominica uses the CBI funds for sustainable projects and investments, including the construction of hotels, the geothermal project, and reducing the national debt.

The Prime Minister highlighted major infrastructure projects underway in Dominica, such as the International Airport and the Cable Car, which are being funded through the CBI program. Skerrit expressed his vision of a prosperous and sustainable future for Dominica through collaboration and partnership in the global citizenship landscape.

Prime Minister Roosevelt Skerrit's visit to Dubai underscored the significant impact of Dominica's Citizenship by Investment program on the country's socioeconomic development. Skerrit emphasized the program's role in aiding disaster recovery, fostering economic growth, and funding sustainable projects. He also highlighted the importance of maintaining high standards and transparency in the CBI sector to ensure its continued success and the prosperity of Dominica.

Key Takeaways

• PM Skerrit visited Dubai to discuss Dominica's Citizenship by Investment (CBI) program.
• CBI program aided Dominica's recovery after Hurricane Maria and drove economic growth.
• Skerrit emphasized the need for unity and good governance in the CBI industry.
• CBI funds used for sustainable projects, infrastructure, and reducing national debt.
• Skerrit's visit underscored the global significance of Dominica's CBI program.