The Antigua Prime minister spoke in Davos about the impact of CIP and immigration investment in Antigua and Barbuda.
Here is a quick summary of what he spoke:
- Antigua and Barbuda growing at 5.2% annually
- CIP investment has allowed to diversify the economy to raise non-tax revenues, attracted individuals with skills.
- CIP funding used to repay debt, fund healthcare, pension, a god-send for many caribbean countries with fiscal challenges after 2008/2009 economic crisis
- Antigua and Barbuda taking steps to become early adopter to Blockchain technology and within 30 days a legislation will be passed to create legal platform for Blockchain and cryptocurrencies.
- The whole idea is for Government to digitize number of services using Blockchain technology including details of CIP citizens, Passports, Drivers license and other ID cards in blockchain.
- Blockchain technology used to trace from seed to plant in medical marijuana space.
- Cryptocurrencies still accepted as payment for CIP
- Most of caribbean countries are highly dependent on tourism and there is a greater need for economic diversification
- Blockchain and cryptocurrencies helps us to diversify and create entrepreneurship
