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The United States government, in particular the Treasury Department, has received praise from Prime Minister Roosevelt Skerrit for constructively engaging Dominica and other regional countries’ Citizenship By Investment (CBI) Programme.<\/p>\n
At a press conference on Monday, Skerrit made known that two days prior- February 25- he attended a meeting of leaders of the islands which operates CBI programmes with officials of the US Treasury Department in the neighbouring island of St. Kitts.<\/p>\n
In attendance was the Deputy Assistant Secretary of the US Department of Treasury and other officers of the Treasury and state departments of the US, as well as the governor of the Eastern Caribbean Central Bank (ECCB), Mr. Timothy Antoine, and the Director General of the Organization of Eastern Caribbean State (OECS) Dr. Didacus Jules.<\/p>\n
According to the Prime Minister, \u201cas I’ve previously indicated, we are grateful for and welcome to support the US government in our efforts to strengthen and protect our CBI programmes.\u201d<\/p>\n
The discussion, he concluded, \u201cin my view, was a fruitful and useful engagement, which puts us in a good place to continue to address the concerns surrounding the CBI with a view to strengthening and sustaining our respective programmes.\u201d<\/p>\n
Six key subjects were addressed, according to Skerrit, who also stated that the leaders and collaborators of the US Treasury Department will release a communique soon informing the public of the meeting’s outcomes.<\/p>\n
The head of government continued, “I really want to place on public record my personal appreciation to the US government, for its constructive engagement of us in the CBI programme.\u201d<\/p>\n
He revealed that the US Department of Treasury visited Dominica last year at his invitation, to carry out their own review of the country’s CBI program and to provide feedback on how it is run.<\/p>\n
\u201cAnd I believe that they came out with a very good appreciation of how the CBI programs operate and offered good praise for the program,\u201d the Prime Minister said.<\/p>\n
\u201cBut there are some areas that they believe that we can strengthen. And this is where some of the recommendations are. And before the end of this week, we’ll certainly indicate where we stand on those recommendations from the US.\u201d<\/p>\n
He went on to assert that countries like Dominica have been calling for this kind of engagement, therefore he applauded the Joe Biden administration and in particular the US Treasury Department for this engagement.<\/p>\n
\u201cI’m very grateful to them for the very positive, constructive engagement of all of us who have CBI programmes,\u201d Skerrit said.<\/p>\n
In addition to this meeting, the prime minister indicated that he had several other engagements with bilateral partners, including Japan, the People’s Republic of China, and South Korea, among others, to address problems of mutual concern to these nations and Dominica as well as to assess their bilateral cooperation and to consider the global difficulties that are currently facing the world.<\/p>\n
Skerrit further stated that he joined OECS counterparts to discuss investment and financing opportunities, and spoke with the newly elected Secretary General of the World Trade Organization (WTO) Dr Ngozi Okonjo-Iweala, and President of the African Export\u2013Import Bank (Afreximbank) Dr Benedict Okey Oramah.<\/p>\n
Following the meeting, the prime minister disclosed that Dominica had signed an agreement to establish the bank in the region and expressed hope that by the end of the week, Dominica would have concluded all the required paperwork to become a full member of this bank, allowing the nation to access funds from the financial institution.<\/p>\n","protected":false},"excerpt":{"rendered":" The United States government, in particular the Treasury Department, has received praise from Prime Minister Roosevelt Skerrit for constructively engaging Dominica and other regional countries’ Citizenship By Investment (CBI) Programme. At a press conference on Monday, Skerrit made…","protected":false},"author":13,"featured_media":299641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[77,235,76,9,12,14],"tags":[],"class_list":["post-299621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage","category-homepage-carousel","category-international-relations","category-news","category-politics","category-regional"],"acf":[],"yoast_head":"\n