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Citizenship by Investment (CBI) programmes have become a major source of revenue for Eastern Caribbean economies, accounting for 75 cents of every non-tax dollar earned in the region, according to the Governor of the Eastern Caribbean Central Bank (ECCB).
Speaking at the Eastern Caribbean Currency Union chairmanship handover at the AUA Conference Centre, Timothy Antoine described the CBI initiatives as “critical” to the fiscal stability of OECS countries, especially Antigua and Barbuda.
He said the ECCB is leading efforts to safeguard these programmes through a proposed legislative framework and the creation of a regional regulator to boost transparency and credibility.
The draft legislation—shared with governments and international partners including the US, UK, and EU—has been opened for public feedback.
Antigua and Barbuda’s Prime Minister Gaston Browne echoed the importance of the programmes, stressing their role in sustaining economic growth and calling for continued support.
The future of CBI remains under close watch, as the region moves to ensure its sustainability amid international scrutiny.
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Oh yes folks..the one percenter’s wants to continue to carry out their high crimes under the guise of ” translational investment”..no different to when Allen Stanford was running his ponzi scheme in the very heart of Antigua, literally.
You here the phrase “especially Antigua”.
Antigua will always be tied to unscrupulous characters, no way around that I guess. So all GB needs now is to have his corrupt partners onboard to try and convince his minions.
Where ever have the people of Antigua benefited from the CBI? As it has been reported, half these people don’t even care to live in the Caribbean, they just want to use us as a way to hide their ill-gotten gains.
Fruits from a poisonous tree will never be sustainable.
But I guess these jokers cannot understand this. Antigua needs to go back to the peaceful humble days of its existence, otherwise there wouldn’t be too many years left to even salvage its beautiful culture.
A damn shame as what has happened to this beautiful small nation. Antigua has become a den of thieves, and any harlots playing ground.
How can it ever be right that a country makes more money from selling its passport and nationality than any other income stream? This cannot be right. It shows a lack of imagination for generating income and jobs in the countries.
This has its positives and negatives but the positives outweigh the negatives so I’m somewhat in support of this program. We just need to do all that we can to ensure that we protect the program and our country name and reputation
I will say shame on the eccb governor Antoine for stating that selling passport is the main revenue generator for the eastern Caribbean, so why is his position as governor of the eastern Caribbean central bank still valid, he should be fired or the central bank dissolved, since he is not able to guide the economies of the Caribbean into production instead a con moves or mafia business of selling criminal passports. All the the Caribbean prime ministers are intellectually lazy.
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