Pierre Reaffirms Commitment To Highest CBI Standards

Prime Minister Philip J. Pierre reaffirmed Saint Lucia’s commitment to the highest standards in its Citizenship By Investment (CBI) programme, in a statement on Monday. Pierre spoke after Saint Lucia and other Eastern Caribbean countries with CBI programmes attended a recent meeting with the United States Department of the Treasury. In Monday’s statement, the PM explained that the gathering occurred to review the implementation of the Six CBI Principles agreed to in February 2023. Below is his complete statement: Ladies and Gentlemen, Members of the Press, As you may recall, on June 3rd, 2024 Saint Lucia signed the Memorandum of Agreement (MOA) for Citizenship by Investment (CBI) programs. This was an important step in aligning the pricing, regulations, and vetting practices across the five Caribbean CBI nations. Since signing the MOA, Saint Lucia has fully engaged in all actions, reaffirming our commitment to the highest standards in our CBI program. On August 29th, 2024, the five Eastern Caribbean countries offering CBI Programs— Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Saint Christopher (St. Kitts) and Nevis, and Saint Lucia—held a roundtable in Grenada with the United States Department of the Treasury to review the implementation of the Six CBI Principles...