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Prime Minister Allen Chastanet

PM EXPRESSES COMMITMMENT TO OECS CIP COOPERATION

Prime Minister Allen Chastanet has hinted at his Administration’s support for closer co-operation among the Citizenship by Investment Units of OECS countries.

Last week, the Saint Kitts & Nevis Information Service reported that OECS Heads of Government are moving to finalize a memorandum of understanding, to better co-operate, collaborate and organize their citizenship by investment (CBI) programmes.

This would include matters related to information sharing, as well as setting a price floor. 

The St. Lucia Prime Minister re-affirmed his commitment to strengthening the due diligence vetting processes, irrespective of the time-frame.

He points to Saint Lucia’s international obligation to ensure rigorous background checks.

Chairman of the ECCB Monetary Council, Roosevelt Skerrit said that the Heads of OECS territories with CBI programmes were mindful of the issues.

He reveals that this is something they will have to address collectively, in terms of uniformity on application forms and information sharing.

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