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The Billion-Dollar Decision: How St. Vincent and the Grenadines Paid the Price for Saying “No” to Citizenship by Investment
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The Billion-Dollar Decision: How St. Vincent and the Grenadines Paid the Price for Saying “No” to Citizenship by Investment
For more than twenty years, the former Unity Labour Party administration repeatedly rejected the idea of a Citizenship by Investment (CBI) programme. Prime Minister Dr. Ralph Gonsalves argued that selling citizenship threatened the country's sovereignty, exposed St. Vincent and the Grenadines to reputational damage and created unacceptable governance risks. It was never really treated as a policy option to be weighed on the evidence. It was a do…
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