Chairman of the Monetary Council of the ECCU, and PM of Antigua and Barbuda, Gaston Browne claims that: “If we did not have our citizen by investment program, we would have certainly defaulted on a number of important loans.” He stressed the importance of the CIP/CBI programs for the OECS Region stating that the additional revenue (22% in the case of Antigua and Barbuda) generated is a key factor in determining whether they can honor financial obligations.
Regional Governments have been bolstering the AML/CTF frameworks of these programs, especially since the spurt of scandals and security issues arising out of the CIP/CBI program in the OECS.
