Mahdi Mohammed, CEO of Guide Consultants - file photo
A statement issued by St. Kitts and Nevis announcing a drastic 50 per cent cut in the investment requirement for its citizenship by investment (CBI) programme to create a "hurricane relief fund", has drawn widespread condemnation.
Mahdi Mohammed, CEO of Guide Consultants, said this is a truly shameful move by St. Kitts. He added that this is simply a ploy, a blatantly opportunistic move to improve the competitiveness of the St. Kitts and Nevis CBI programme at the expense of their Caribbean neighbours.
Dominica is not a wealthy country but following Hurricane Irma it was willing to share what it had with other Caribbean islands, for example by sending water and telegraph poles, two commodities that it is now in desperate need of itself.
It even pledged EC$500,000 to St. Kitts and Nevis after Irma.
Mr. Mohammed argued that Dominica has now lost every source of government revenue except its CBI program and St. Kitts and Nevis is attempting to undermine even that.
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