LONDON–(BUSINESS WIRE)–During a monthly press conference at the Parliamentary Lounge, St Kitts
and Nevis’ Prime Minister Timothy Harris announced that 3,828 families
would benefit from the Poverty Alleviation Programme this week. This is
due to a stronger economy, the PM says. The scheme provides each
household that earns less than EC$3,000 per month with a financial aid
worth EC$500, sourced from the islands’ leading Citizenship by
Investment (CBI) Programme.
Prime Minister Harris also announced progress in other public sector
projects, such as road rehabilitations, airport upgrades and cruise pier
development. St
Kitts and Nevis’ CBI Programme also sponsors some of these
initiatives. CBI empowers foreign investors to acquire second
citizenship in exchange for a monetary contribution utilised for the
islands’ national advancement. The programme closely aligns with the
country’s commitment to sustainable growth policies.
“To date, my Government has assisted an average of 3,848 households,” PM
Harris noted. “The average monthly disbursement is in the region of
$1.9m and the total processed by the Accountant General’s Department for
the four months is $7.7m,” he added, referring to the previous pay-out
under the Poverty Alleviation Programme that started in December last
year.
Since 1983, the Caribbean islands of St Kitts and Nevis have been
offering global individuals and their families a means of obtaining
second citizenship, unlocking a series of benefits. These include access
to better education, the safety of a leading rule of law state and
visa-free and visa-on-arrival travel to 158 countries and territories.
Last year, PM Harris heralded in a new channel of investment under the
CBI Programme, appropriately named the Sustainable
Growth Fund (SGF). Revenue generated from the SGF is channelled into
supporting education, infrastructural developments, tourism, economic
growth and improving the entrepreneurial climate. To encourage
sustainable national development, the SGF was positioned as the most
straightforward route to the citizenship of St Kitts and Nevis. In
operation for over three decades, the programme continues to further
strengthen its due diligence processes, which all applicants must pass
before being considered. As the longest-standing programme of its kind,
the islands’ economic citizenship is known as the industry’s Platinum
Standard brand.
CS Global Partners is the international legal advisory mandated by
the Government to promote the Citizenship by Investment Programme
worldwide.
Contacts
Thomas Kohn
[email protected]
+(44)2073184343
www.csglobalpartners.com
