DOMINICA: CBI program revenue for 2021-2022 at $450 million, says PM


Prime Minister Roosevelt Skerrit has announced that his government has raised over $450 million from the Citizenship By Investment (CBI) Program for 2021 to 2022.

He made the disclosure while addressing a press conference on Monday.

“We estimated in the 2021-2022 budget to raise $463, 354, 284, so that was projected,” he said. “And the actual revenue we generated from the CBI in the financial year 2021-2022 was $458, 646,969, so this is the actual amount and of course, these numbers will be reflected in the approved budget estimates which will be published shortly.”

Meantime, he brought to the country’s attention that the Prime Ministers of the countries which operate the CBI Program will convene a meeting on Tuesday.

“We have taken a decision to convene a meeting, the meeting will be convened tomorrow via Zoom, so that’s Dominica, Antigua, Grenada, St Kitts, St Lucia,” Skerrit revealed.

He continued, “All the Prime Ministers will meet to discuss the CBI programs, the opportunities, the challenges, and of course the global environment in which our CBI programs are operating.”

Skerrit added,  “All of us [recognize] how important a non-tax revenue measure this program is for us.”

Furthermore, he stated that the meeting is to consolidate their efforts concerning some of the things that they can do collectively to place the programs in a much stronger position than it currently is.

“There are some ideas I am not [at] liberty to share with you now, but certainly post the meeting tomorrow, we will be in the position to share some of the actions we intend to take,” Prime Minister Skerrit disclosed.

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