BASSETERRE, St. Kitts, May 17, 2018 – The Prime Minister of St. Kitts and Nevis, Dr. the Honourable Timothy Harris, has impressed upon his fellow Heads of Government of jurisdictions that offer Citizenship by Investment (CBI) programmes, as well as other key players within the industry the urgent need to raise the standards of the region’s citizenship programmes, with greater emphasis on harmonization.
“This will require us to reach out more to our target audiences in order to find out what their needs and investment interests are,” Prime Minister Harris said today (May 17) as he delivered the keynote address at the 2018 Caribbean Investment Summit, being held at the St. Kitts Marriott Resort under the theme, “Unity in the Age of Division: Emerging Trends of CIPs in an Uncertain World.”
The May 16-19 summit is being attended by more than three hundred stakeholders including leaders of the five Caribbean countries that offer economic citizenship: namely, Antigua and Barbuda, Commonwealth of Dominica, Saint Lucia, Grenada and host St. Kitts and Nevis; Heads of Citizenship by Investment Units, developers, service providers, international marketing agents and potential investors. A wide-cross section of the business community in St. Kitts and Nevis also turned out for the event.
After accepting the baton from Antigua and Barbuda’s Prime Minister, the Honourable Gaston Browne, Prime Minister Harris stated that CBI programmes within the region must be sustained, and as such noted that governments must work with all stakeholders to improve and lead the world in this unique development pathway.
The St. Kitts and Nevis Prime Minister further stressed the need to advance efforts at harmonization of regional CBI programmes, adding, “We need to standardize our management frameworks and also consolidate best practices and lessons learned in due diligence and oversight; anti-money laundering and countering financing of terrorism (AML/CFT); training and capacity building of our staff as well as the supervision of industry stakeholders such as real estate developers and service providers.”
Over the next two days, summit participants will be engaged in productive discussions on the need to embrace new technology for better CIPs; responsible conduct for service providers; governance and politics; ethical frameworks in global marketing; key approaches to sustainable development and collaboration for a common cause.
