April 10th 2018
BASSETERRE, St. Kitts, (KYSS FM) – Prime Minister Hon. Dr. Timothy Harris is yet to comment on serious claims made in the 2018 International Narcotic Strategy Report released last week by the United States Department of State in Washington, D.C.
The report, which has called into question the screening process of applicants to the St. Kitts and Nevis’ Citizenship by Investment Programme, is alleging that the process is open to abuse by drug dealers and tax dodgers who would use the country’s citizenship to launder money for transit between the US and Europe.
The government has never disclosed with any detail the process by which applicants are screened and vetted for citizenship via the CBI Programme’s various avenues in order to ensure that undesirable persons and any attempts to hide criminal activity are identified.
This comes on the heels of Dr. Harris’ announcement of the Sustainable Growth Fund on March 20th this year.
This latest fund, according to Dr. Harris, will invest in sustainable areas benefitting the citizens and residents of St. Kitts and Nevis including healthcare, education, alternative energy, heritage, infrastructure, tourism and culture, climate change and resilience, and the promotion of indigenous entrepreneurship.
The Sustainable Growth Fund for a single applicant will require a contribution of US $150,000, inclusive of Government fees.
The contribution for a family of up to four will be US $195,000 following incremental steps. We think this is attractive and sustainable.
Many have questioned how the Sustainable Growth Fund differs from the Sugar Industry Diversification Foundation (SIDF) as it too supports many of the same initiatives identified for support under the Sustainable Growth Fund.
Stakeholders, both locally and abroad are eagerly waiting for a response from the Prime Minister.