BASSETERRE, St. Kitts, CMC – The fourth annual Caribbean Investment Summit gets underway in St. Kitts on Wednesday with emphasis on improving the much controversial Citizenship by Investment Programme (CIP) that some regional countries use as a means of luring foreign investments to the Caribbean.
The conference here coincides with the 35th anniversary of the CIP here, under whch investors receive citizenship of the twin island Federation in return for making a substantial investment in the socio-economic development of the country.
The two-day conference is being held under the theme “The Caribbean Advantage” and the government said it is expected to be attended by more than 400 delegates including those from China, India, the Middle East, Russia, the United Kingdom and the United States.
“Caribbean Investment Summit to be held this week in St. Kitts-Nevis will look back at the country’s innovative idea of economic citizenship 35 years ago and discuss the sustainable path forward,” a government statement said.
It said that prime Minister and Minister of Finance, Dr. Timothy Harris will address the conference on the topic “A Focus on Regional Leadership and Vision: 35 Years of Caribbean CIP, looking back, the sustainable path forward”.
Antigua and Barbuda hosted the first two summits in 2016 and 2017 and while the twin island Federation hosted the event last year “the regional participants in the CIP industry decided that the hosting of the annual event should be rotated in order to ensure equitable exposure and opportunities for all members”.