Saint Lucia Citizenship Investment Programme makes top three in the 2022 CBI Index

Castries, Aug. 26, 2022 (GLOBE NEWSWIRE) — St Lucia took third place in this year’s instalment of the CBI Index – which ranked 13 countries with operational citizenship by investment programmes.

Seen as an industry voice and reliable source for those looking to vet CBI programmes around the world, the CBI Index is published annually by the Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners.

This year, St Lucia was ranked alongside Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, Turkey, and Vanuatu.

The CBI Index ranked these jurisdictions across nine pillars including Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Having recently welcomed Mc Claude Emmanuel to the position of Chief Executive Officer of its CBI unit, St Lucia was recognised its affordable minimum investment outlay, reasonable mandatory travel or residence requirements and ease of application processing.

“This recognition means a lot to us. The CBI Index is a globally recognised report that has been assessing CBI programmes for the last six years and not only will investors gain insight into our programme but it also gives us an opportunity to improve aspects of our programme to increase our scores next year,” said notes Mc Claude Emmanuel, CEO of St Lucia’s CPI Unit.

Investors can become a citizen of St Lucia in as little as 90 days by investing only a minimum of US$100,000 through its National Economic Fund, and busy entrepreneurs are not required to stay in the country for prescribed periods of time.

There weren’t many significant changes in the minimum investment outlays since the 2021 CBI Index, this was reflected in no change in the order of the final scores.

There were also no changes from the 2021 CBI Index to scores under the Mandatory Travel or Residence Pillar – Caribbean nations continue to rank highly in this area.

The country scored 87% overall.

St Lucia scored 9 out of ten for Due Diligence, Citizenship Timeline, and Family.

A very important aspect of any CBI programme is its ability to vet applicants and ensure that only honest individuals who can account for how they make a living are accepted into the programmes.

“We are on an ongoing drive to continuously enhance the due diligence processes of our programme as we are very keen to protect its integrity and value,” noted Mc Claude Emmanuel.

With ongoing geopolitical tensions, special attention is now being given to jurisdictions that offer CBI programmes. The international community is concerned that these programmes may offer boltholes for suspect characters looking to evade the law.

International respect is vital for any CBI programme to thrive, and a layer of ongoing monitoring is becoming a key pillar of reputable CBI Units such as that of St Lucia. Caribbean nations are setting global best practices when it comes to advancements in due diligence processes.

The Citizenship Timeline Pillar looks at the average time taken for citizenship to be secured by the applicant. One of the key merits of CBI programmes is their ability to provide a rapid route to second citizenship; St Lucia was awarded top points for its short turnaround times, which takes three months for citizenship to be granted from the date the Authorised Agent is notified that the application has been accepted for processing.

The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.

As an additional layer of nuance to its scoring system, this year’s CBI Index also draws a distinction between family members who are allowed to apply with and obtain citizenship at the same time as the main applicant and those who can apply at a later stage and because of the main applicant has already received citizenship.

Multiple family member categories were considered, with points being awarded for adult children, parents, grandparents and even siblings. Additional merit was also given to programmes with provisions for family members of the main applicant’s spouse. Additionally, the degree of flexibility within each of these categories can differ radically from programme to programme.

St Lucia scored 8 out of 10 in the Certainty of Product pillar. This pillar encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability.

Longevity measures the age of a given programme while Popularity and renown evaluate the number of applications and naturalisations under each programme per year, as well as a programme’s eminence in the industry.

The reputation of a programme was determined by the amount of negative press or the number of scandals it has been linked to, affecting investors’ broader perceptions of the countries in which they invest. Just as important, however, is evidence that programme funds are being utilised for social good. Points were awarded for a jurisdiction’s transparent use of CBI funds, for example for the development of domestic healthcare, education, tourism and other infrastructure. One of the main ways that investors can become citizens of St Lucia is through its Economic Fund which Mc Claude Emmanuel has said will “benefit all St Lucians by investing in social interventions and assisting the country to be food secure as assistance will be given to local farmers.”

Lastly, adaptability reflects a programme’s ability to rapidly respond to, and sometimes even predict, the needs of applicants and the industry.

St Lucia continues to offer a popular programme with consistently high application volumes, stability with no caps on the number of applications or specific calls to end the programme, and adaptability both in respect of changes to keep the programme functioning during Covid-19 and its swift response to the Russian invasion.

St Lucia, along with Antigua and Barbuda, Dominica, Grenada and St Kitts and Nevis scored seven out of 10 in the Freedom of Movement pillar. St Lucia has access to 15 of the 20 key business hubs assessed in the 2022 CBI Index.

Lastly, St Lucia scored six out of 10 for its decent freedom, GDP growth and GNI scores.

Download the full CBI Index here, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.

PR St lucia
Saint Lucia
+1 758 458 6050
mildred.thabane@csglobalpartners.com

UN Condemns Airstrike in Ethiopia That ‘Hit Kindergarten’

ADDIS ABABA, ETHIOPIA — The U.N. children’s agency UNICEF on Saturday condemned an airstrike that “hit a kindergarten” in Ethiopia’s Tigray region, killing at least four people, including two children.

Friday’s strike in the Tigray capital, Mekelle, came days after fighting erupted on the region’s southern border between government forces and rebels, ending a five-month truce.

“UNICEF strongly condemns the air strike … (that) hit a kindergarten, killing several children, and injuring others,” UNICEF’s executive director, Catherine Russell, said on Twitter.

The Tigray People’s Liberation Front (TPLF) that controls the northern region said the air raid demolished a kindergarten and hit a civilian residential area, claims the government denied.

Addis Ababa said it only targeted military sites and accused the TPLF of staging civilian deaths.

Kibrom Gebreselassie, chief clinical director at Mekelle’s Ayder Referral Hospital, told AFP that four people were killed in the strike, including two children.

Nine others were receiving treatment for injuries, he said.

Tigrai TV, a local network, said the death toll had reached seven and broadcast footage of mangled playground equipment at the apparent scene of the strike.

Russell said the 21-month war in Ethiopia’s north had “caused children to pay the heaviest price.”

“For almost two years, children and their families in the region have endured the agony of this conflict. It must end,” she said.

Source: Voice of America

Ethiopia-Tigray crisis: UN concerned about airstrikes in Tigray’s capital Mekelle

The United Nations is concerned about reports of airstrikes in Ethiopia’s Tigray region where fighting has resumed between government forces and the rebel Tigray People’s Liberation Force (TPLF), a spokesman said.

“We’ve seen these reports of airstrikes in Mekelle (the capital city of Tigray), which have caused damage to infrastructure and civilians, more importantly,” said Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres. “It’s a very concerning development.”

Although the United Nations has staff in Mekelle, the world body is not in a position to confirm the airstrikes. UN staff in Mekelle are safe and sound. But the communications and the ability of staff to move around are complicated, said the spokesman.

He reaffirmed the secretary-general’s call for a cessation of hostilities.

“The country is … part of this drought-impacted area in the Horn of Africa. We keep talking about the humanitarian needs of all Ethiopians because we work without favor from one group of Ethiopians or another, and the fighting needs to stop,” he said. “And all the parties need to do whatever they can to protect civilians and also, very importantly, to ensure the unimpeded passage of humanitarian goods.”

The Ethiopian government announced Friday that it will strike TPLF positions.

Addis Ababa asked people in Tigray to stay away from the areas where the TPLF’s military equipment and training facilities are located, said the Ethiopia Government Communication Service in a press statement.

Ethiopia, Africa’s second most populous nation, has seen a devastating conflict between government-allied troops and forces loyal to the rebel TPLF since November 2020.

Source: NAM NEWS NETWORK

Environment – A Non-Trivial Matter

Last week, local print media and radio outlets reported on ongoing development activities in Berik sub-zone, located within the Central Region. For the past several months, the residents of 21 villages in the area have come together at regular intervals to conduct a range of soil and water conservation projects, as well as to carry out greening activities. To date, about 1200 hectares of terraces and around 1350 meters of water diversion schemes have been constructed. In addition, approximately 250,000 tree seedlings have been planted in different areas throughout the region.

As well as being a generally positive, overall “feel good” story and quite inspirational, the recent reports about the ongoing community campaigns in the Central Region provide a useful opportunity to briefly discuss a few important environment-related points.

To begin, it is worth underscoring how these people-centered, holistic community campaigns, which have been conducted for many years and take place in communities up and down the entire country, play a positive role in practically addressing a number of pressing issues, as well as provide a range of significant benefits.

For instance, terracing, which involves constructing ridges and channels on sloping lands, helps to promote the conservation of soil and water (recall that fertile soil and water are especially critical resources in Eritrea and throughout the wider region). It can reduce both the amount and velocity of water moving across the soil surface, which greatly reduces soil erosion and ultimately allows for more intensive cropping than would otherwise be possible. Meanwhile, water diversion, which is an age-old practice, helps to reduce water quality degradation, supply irrigation systems, promote access or effective use, and reduce or prevent widespread destruction caused by flooding. Finally, the planting of trees and central focus on afforestation is helping to capture carbon dioxide, reverse decades of deforestation, drought, and land degradation, restore ecosystems, halt the rapid advance of climate change, and promote climate resilience.

Beyond the above-mentioned impacts, however, there is a range of other substantial, albeit frequently overlooked, benefits associated with these community activities. For one, the initiatives help to keep participants actively involved and positively engaged within their local communities and also allow them to closely connect with the natural world, all the while offering useful lessons, new insights, and unique experiences. By exposing individuals, especially young people, to nature and allowing them to be active in an outdoor setting, these activities can also foster sensitivity, appreciation, and respect for the environment and the natural world. Notably, there is a growing body of empirical research that indicates how increased environmental knowledge or general awareness is closely linked with environmental friendliness and conservation behavior, while greater exposure to nature may provide a variety of cognitive, behavioral, and health benefits.

Not to be overlooked, in the process of bringing together diverse people from all segments of society in order to work toward a common goal, community initiatives can also have a powerful influence on fostering peace and cohesion. In particular, exposure to and interaction among diverse individuals and groups can promote openness to alternative views or perspectives and strengthen mutual understanding, trust, tolerance, and harmony.

Another critical issue underlying the community environment campaigns is that of climate justice, which is an increasingly important topic of discussion worldwide.

Without a doubt, climate change is one of the most significant challenges ever faced by humanity. Globally, there is not a single country that is not experiencing the drastic effects of climate change. It is disrupting national economies and affecting lives. Weather patterns are changing, sea levels are rising, and extreme weather events, such as heat waves, droughts, floods, and tropical cyclones, are increasing in frequency and intensity. This aggravates water management, reduces agricultural production and nutrition and food security, increases health risks, and interrupts essential services, such as water and sanitation, energy, and education.

While climate change and its impacts affect people everywhere, they disproportionately harm the poorest and the most vulnerable, especially women, children, the elderly, and persons living with disabilities. Moreover, the impacts of climate change are felt most by those people who are least responsible for rising carbon emissions and global temperatures – particularly those in Africa. The continent is the most vulnerable to climate change despite being responsible for just 4 percent of global carbon emissions.

For Eritrea, annual greenhouse gas (GHG) emissions remain relatively low and there are only small fluctuations per year. In 2018, GHG emissions were approximately 6.396 megatonnes of carbon dioxide equivalent (Mt CO2 eq.), about a 20.17 percent (or 1.073 Mt) increase from 2000 emissions and a slight decrease of 0.37 percent (or 0.0237 Mt) from 2015 emissions. Overall, the country accounts for among the smallest global shares of total global GHG emissions.

For years, Eritrea has been making considerable efforts and investing resources toward climate adaptation, risk reduction, and disaster rehabilitation. It has signed and ratified a number of international climate change agreements and alongside the nationwide community environment campaigns discussed above, an array of adaptation and mitigation efforts are also underway, with the close cooperation of regional and international partners. These include the establishment of enclosures and protected areas and the development of plans for the desalination of seawater for domestic and economic sectors. Households and communities, especially those in at-risk areas, receive support with adaptation strategies and technologies, helping to reduce vulnerability, strengthen resiliency, and secure livelihoods. In addition, renewable energy is being prioritized (which will help to minimize the dependence on unsustainable imported fossil fuels and reduce emissions from national power generation), while steps are actively being taken to improve energy efficiency and promote clean alternatives in transport, manufacturing, and household consumption.

While all of these efforts and initiatives are certainly significant, noteworthy, and much-needed, it is vital that we keep in mind a fundamental point. So many developing countries, especially in Africa and including Eritrea, are bearing the brunt of the impact of climate change. These countries should be supported, while the burdens and benefits of climate change and its resolution must be shared equitably and fairly worldwide fundamentally, those who have contributed most to the current problems have the greatest responsibility to help resolve them.

Source: Ministry of Information Eritrea

UN helping Chad in response to floods killing 22

The United Nations and humanitarian partners are aiding Chad in responding to the catastrophic flooding which has affected 340,000 people, killed 22 and caused extensive damage, a UN spokesman said.

The flooding in 11 of the country’s 23 provinces caused extensive damage to homes, infrastructure, agricultural lands and livestock. The floods also sent malaria rates skyrocketing and heightened fears of cholera outbreaks, said Stephane Dujarric, chief spokesman for UN Secretary-General Antonio Guterres.

“We along with our humanitarian partners are supporting the government-led response to provide life-saving assistance, including food, health services, shelter and other essential supplies,” Dujarric said. “So far, we have reached around 30,000 in the East and N’Djamena. We are ramping up our efforts to reach more people.”

The spokesman said the UN’s Chad team is calling for financial support from donors. The humanitarian needs before the floods were only 34 percent funded as of mid-August, with 171 million U.S. dollars received out of 510 million needed.

Dujarric contrasted flooding in Chad with the worst drought in 40 years, or four failed rainy seasons in a row, in the greater Horn of Africa region.

The World Meteorological Organization said that parts of the region are bracing for a fifth consecutive failed rainy season, the spokesman said. “Clearly all this will worsen with the crisis which is impacting millions of men, women and children in the area.”

The forecast for October to December shows high chances of drier than average conditions across most parts of the region, mainly in the drought-impacted areas of Ethiopia, Kenya, and Somalia, he said. Significantly below normal rainfall totals are expected through the end of the year.

Source: NAM NEWS NETWORK