Opposition leader Allen Chastanet has expressed apprehensions regarding Saint Lucia’s Citizenship By Investment Programme (CIP), warning of potential repercussions on the country’s visa-free access to the United Kingdom and Europe.
In a press release from his office, Chastanet highlighted security and transparency concerns surrounding the CIP, particularly in light of recent developments. He noted the summoning of Prime Minister Pierre by the European Union, purportedly due to serious concerns regarding the operation of the programme.
Chastanet voiced longstanding reservations, dating back nearly two years, regarding changes made to the Economic Fund’s rules, allowing Cabinet discretion in utilizing CIP funds. He also criticized the acceptance of Russian and Iranian applications amidst international tensions, along with the government’s reluctance to adhere to OECS joint protocols and its introduction of a new infrastructural option.
These actions, according to Chastanet, have undermined confidence in the programme and raised security concerns, potentially jeopardizing current visa-free access to the United Kingdom and Europe, which includes Martinique and Guadeloupe.
Furthermore, he warned of the risk of the US and Canada reversing concessions for online visa applications. Chastanet cited the government’s acknowledgment of the Donation Option’s revenue shortfall, attributing it to the Real Estate option reportedly being sold at discounted prices, and highlighted a new option allowing developers to undertake infrastructure projects in exchange for citizenship.
Chastanet criticized the lack of transparency surrounding these developments, particularly the new option’s implementation without public disclosure. He stressed the importance of adhering to regional standards, particularly a minimum price of US$200,000, as recommended by the European Union.
The Opposition leader condemned the government’s dismissal of regional security protocols, emphasizing the potential repercussions on the programme’s reputation and regional security.
In conclusion, Chastanet urged the government to cease what he termed as mismanagement and corrupt practices within the CIP. He cautioned against the potential fallout, which could impose further hardships on St. Lucians, particularly in visa applications for essential purposes such as health, education, and family visits. He implored the government to prioritize responsible decision-making to avert detrimental consequences for the nation.
