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Prime Minister of Dominica Provides Update on International Airport and Importance of Citizenship by Investment Funds to Public Sector

Mount Equity Group Tokyo, Japan > News > Markets > Prime Minister of Dominica Provides Update on International Airport and Importance of Citizenship by Investment Funds to Public Sector

LONDON, June 6, 2021 /PRNewswire/ — During a government programme, Prime Minister Roosevelt Skerrit of the Commonwealth of Dominica provided viewers with an update on the anticipated international airport. The government has now officially signed an agreement with Montreal Management Company to construct the airport funded entirely by the country’s Citizenship by Investment (CBI) Programme.

Project manager Collin McIntyre joined the Prime Minister to discuss the importance of using CBI funds instead of taking out loans that would burden taxpayers and generate additional debt. Prime Minister Skerrit also reviewed how the funds are used, detailing the government’s transparency. This includes a budget for the airport’s construction with the government appropriating CBI allocations to meet the budgeted amount.

Prime Minister Skerrit also noted how vital the programme was to the public sector as a whole: “We thank God for the CBI and the many opportunities the programme has brought to our country. […] The CBI funds are used for public sector investment projects [like] roads, bridges, schools, housing, health centres, hospitals and paying down on our most expensive debts. We really have not been using the CBI funds for recurrent expenditure except after Hurricane Maria.”

As of late, funds from the