(WINN)—The International Monetary Fund (IMF) says it is closely monitoring developments across the OECS regarding citizenship-by-investment programmes, which recently came under scrutiny from the Trump administration in Washington, D.C.
The US administration took action against the regional programme, imposing visa suspension on certain passport holders from Dominica and Antigua and Barbuda.
Like St. Kitts and Nevis, these territories rely heavily on revenues generated through their CBI programmes, which contribute significantly to their gross domestic product (GDP).
As a result, any geopolitical shift can severely affect both the programmes and the wider economies.
Commenting on the recent development, the IMf stated, “The fund is closely monitoring developments related to the citizenship by investment programmes and their external environment.”
The statement continued, “The US has imposed partial travel restrictions effective January 1st, 2026, on certain visa categories for nationals of Antigua and Barbuda and Dominica, citing their citizenship by investment programmes. While the direct economic impact appears limited, downside risks have modestly increased due to potential effects on CBI revenue, travel and business mobility.”
The US administration cited concerns about the absence of comprehensive biometric data and the lack of residency requirements for economic citizens.
In response, leaders of both territories have spoken out against the measures. Meanwhile, concerns continue to mount over the region’s reliance on CBI revenues.
In St. Kitts and Nevis, Prime Minister Hon. Dr Terrence Drew has reiterated the need to diversify the local economy to reduce dependency on the programme.
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