LONDON, March 26 (Bernama-BUSINESS WIRE) — Last week, St Kitts and Nevis’ Minister of International Trade, Lindsay Grant, recognised the important role that the country’s Citizenship by Investment (CBI) Programme plays in the development of several key economic sectors of the twin-island nation. Attending the Caribbean Green Tech Start-Up Bootcamp opening event in Basseterre, Mr Grant highlighted the areas that benefit from revenues from the island’s newest CBI investment channel – the Sustainable Growth Fund (SGF) – such as education, sustainability, infrastructure and tourism.
Introduced in March last year by Prime Minister Timothy Harris, the SGF was designed to provide global investors with the most direct way to the country’s coveted citizenship, while supporting socio-economic development on the islands. Although it has only been active for a year, the impact of the SGF is already felt on the islands. A recent report by the Caribbean Development Bank attributes part of St Kitts and Nevis’ economic growth specifically to the SGF, with revenues projected to continue to increase this year.
