“CBI Programme is catalyst for tangible, positive change,” PM Drew

“From investments in education and resilient infrastructure to driving the green energy transition, our CBI programme is a catalyst for tangible, positive change”, said Prime Minister and Minister of Finance Terrance Drew during the Budget Address 2024.

This address was a significant moment for the nation, as it looks to take on the challenges that the coming year will bring.

Prime Minister Drew spoke highly of the Sustainable Island State Agenda and reiterated that it is not just an economic initiative but also focuses on improving the lives of citizens by bringing significant benefits to them. He also mentioned that the government of St Kitts and Nevis is looking to improve upon pre-existing initiatives so as to make improvements to the CBI Agenda.

This is precisely why SKIPA is looking to collaborate with existing partners and developers, through its “Discover the Opportunities” campaign, which is a marketing initiative that is designed to attract investment funds to complete these projects.

The government of St Kitts and Nevis has ushered in transformative innovations, reinforcing the programme’s integrity and aligning it with the highest standards for citizenship. Collaborating with international partners, St Kitts and Nevis has proactively fortified CBI against future risks, embodying a commitment to a strategic vision over complacency.

PM Minister Drew also stated that the economic health and growth of St Kitts and Nevis is highly dependent on the status of the Citizenship by Investment programme.

During the Budget Address 2024, Prime Minister Terrance Drew said the following, “Madam Speaker, our nation’s economic prosperity hinges on the robustness of our Citizenship by Investment (CBI) programme, a cornerstone of Kittitian and Nevisian identity.”

One must note that since taking office in August of 2022, the St Kitts and Nevis Labour Party has undertaken a campaign focused on transforming and reinforcing the programme’s integrity and aligning it with the highest standards for citizenship.

St Kitts and Nevis is also working on mitigating risks in the future by taking preemptive measures against disruptive trends and maintaining its commitment to the nation’s strategic vision for the future of the programme.

Prime Minister Terrance Drew also highlighted some of the many developments that the programme has seen over the recent past, such as the introduction of stringent regulations, including mandatory applicant interviews and the Sustainable Island State Contribution, enhancing due diligence and directing CBI funds towards the agenda of renewing vital infrastructure and resources that are necessary for the growth and progress of the nation.

This holistic approach, coupled with the Sustainable Island State Agenda, is not merely economic but is a commitment to improving citizens’ lives. From investments in education and resilient infrastructure to driving the green energy transition, the CBI programme is a catalyst for tangible, positive change.

St Kitts and Nevis remains steadfast in prioritizing the people of the nation, safeguarding the precious value of citizenship and fulfilling the expectations placed upon the nation by its international allies and citizens alike.

The Prime Minister also mentioned that the St. Kitts-Nevis Labour Party Administration will hold true to the principles of sustainability, freedom and an unwavering commitment to a premium standard of citizenship.

St Kitts and Nevis does hold the top spot in the most recent edition of the CBI Index, which is a sign of the fact that the nation and its government has managed to bring its vision to life. This is down to the fact that St Kitts and Nevis is one of, if not the most desirable destination for High-Net-Worth Individuals in the world.

St Kitts and Nevis also boasts of the best due diligence standards out of the nations included in the CBI Index, thus, offering potential citizens more security and stability than most other nations can offer.