While dismissing RCBI’s investment impact, IMF’s own regression analysis shows positive correlation with higher approval rates
CBI revenues of US$232 million helped fund Dominica’s geothermal plant and airport, accelerating national infrastructure development.
Saint Kitts & Nevis got through the pandemic by drawing on its CBI-savings. Now, says the IMF, it’s time to start accumulating again.
The IMF recommends deeper regional cooperation on citizenship by investment as a means of keeping skepticism about such programs at bay.
But the Fund also cautioned against spending CIP money “before it has materialized” and to keep an eye on the reputation and financial integrity risks.
In 2018, reports Vanuatu’s Ministry of Finance and Treasury, CBI-related revenue reached such unprecedented levels that, for the first time
The organization does not expect the upward trend in CBI-revenue to continue and, therefore, urges the Vanuatu government not to grow too accustomed to it.
The IMF also noted a strong economic recovery in Dominica, attributing much of it to investments in hotels scheduled to open this year.
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