The Role of Citizenship by Investment Programme in Dominica's Growth and Development

The Role of Citizenship by Investment Programme in Dominica's Growth and Development
  • 3 minutes
  • Jan 21, 2024

Dominica, a small Caribbean island nation, has experienced significant growth and development in recent years, thanks in large part to its Citizenship by Investment (CBI) programme. Led by Prime Minister Roosevelt Skerrit, the government has utilized the funds generated through the CBI programme to undertake various initiatives aimed at providing essential amenities and improving the lives of its citizens.

Building Climate-Resilient Houses

The government of Dominica has initiated a Housing Recovery Project focused on constructing climate-resilient houses in response to the increased threat of hurricanes in the region. Recognizing the need for homes capable of withstanding natural calamities, the government has committed to providing these durable houses to deserving families. The project has already seen the construction and distribution of over 1,500 climate-resilient homes, with 73 families receiving keys to their new homes in December. The government aims to build a total of 5,000 such houses and plans to hand over an additional 250 homes by June 2024, marking significant progress in creating safe and secure living spaces for the community.

Investing in Healthcare

The Citizenship by Investment (CBI) programme in Dominica has had a significant impact on healthcare infrastructure. The government has invested substantially in enhancing the medical sector, with a notable project being the Marigot Hospital. This facility offers a range of services, including ambulance services, maternity care, pediatric and emergency care units, a laboratory, and a trauma center. Additionally, healthcare centers have been constructed in all districts across the island, ensuring widespread access to comprehensive healthcare services. These improvements not only enhance the quality of life for Dominicans but also contribute to the country’s resilience in the face of future challenges.

Infrastructure Development

Dominica’s growth relies on infrastructure development, funded notably by the Citizenship by Investment (CBI) programme. A major initiative is the construction of an international airport in Wesley, costing approximately EC $1 billion. This airport promises enhanced connectivity with the United States, Europe, and beyond, fostering trade, tourism, and economic growth. Another project, the Layou Road under the Layou rehabilitation effort, with a budget surpassing EC $11 million, aims to improve transportation infrastructure, connecting the Hillsborough Bridge and the York Valley Bridge to enhance connectivity and travel efficiency within the country.

Eco-Tourism and Sustainable Development

Dominica is gaining global recognition for its dedication to eco-tourism and sustainable development, receiving praise from prestigious sources like the BBC and the New York Times. Luxury resorts, including Secret Bay and Colibri Ridge, are celebrated as some of the best in the Caribbean by AFAR magazine. The ongoing Cable Car Project, introducing the world’s largest cable car in Dominica, is anticipated to boost tourism and contribute to economic development.

In addition, Dominica actively engages in environmental conservation, exemplified by initiatives like the Sperm Whale Reserve. Encompassing a designated 300-square-mile area and housing approximately 500 sperm whales, this project underscores the country’s commitment to safeguarding marine life and addressing climate change impacts, showcasing a strong dedication to preserving its natural environment.

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