St. Vincent & The Grenadines Opposition Proposes CBI Program

The NDP’s CBI proposal would allow foreign nationals to gain citizenship in exchange for contributions to SVG’s socio-economic development. Dr. Friday has emphasized transparency and proper monitoring, ensuring that the funds generated would benefit public servants and those on public assistance, rather than lining political pockets.

While the NDP hasn’t provided detailed specifics regarding the structure or pricing of the proposed program, the opposition party points to the success of neighboring Caribbean nations such as Antigua and Barbuda, Dominica, and St. Kitts & Nevis, where CBI programs have supported national development initiatives.

Diverging Views on Economic Sustainability

Prime Minister Dr. Ralph Gonsalves, however, remains firmly against CBI programs. He argues that relying on CBI revenue is an unsustainable economic strategy. Citing the UK’s recent revocation of visa-free access for Dominica and Vanuatu passport holders, Gonsalves warns that such programs carry security risks and cannot provide long-term economic stability.

NDP leader Dr. Friday counters these concerns, highlighting how CBI programs in other nations help cover costs associated with public services and infrastructure projects. As SVG’s passport currently ranks 23rd globally, offering visa-free access to 157 destinations, Friday believes the introduction of a well-regulated CBI program could strengthen the country’s economic future.

The Importance of Regional Standards

Experts in the region stress that if SVG moves forward with a CBI program, it should align with the standards set by neighboring nations. Signing the Memorandum of Agreement (MOA) that standardizes Caribbean CBI programs would enhance SVG’s reputation and ensure its program meets international best practices.

The debate over whether to implement a CBI program in Saint Vincent remains a key issue as the country prepares for its 2025 elections. Whether the NDP’s proposal will sway voters remains to be seen, but one thing is clear: the conversation surrounding CBI in the Caribbean continues to evolve.

At Citizens International, we remain committed to keeping you informed on the latest developments in the Caribbean CBI landscape. For more information on how to secure citizenship in the region, reach out to our team today for a personalized free consultation.