The Organisation of Eastern Caribbean States (OECS) has announced new standards for Citizenship by Investment (CBI) programmes. The move aims to strengthen the integrity and long-term sustainability of these programmes, which are an important source of revenue for many islands in the region.

The updated standards focus on improving due diligence, ensuring transparency, and protecting the international reputation of OECS member states that operate CBI schemes. Officials say the reforms will also make it easier to harmonize policies across countries, reducing risks of abuse and maintaining trust among investors and partner nations.

CBI programmes allow foreign investors to gain citizenship in exchange for significant investments in local economies. For small island states like Antigua and Barbuda, St. Kitts and Nevis, and Dominica, the programmes generate critical funds for development projects. However, they have also faced international scrutiny, with concerns raised about security and misuse.

By introducing these new standards, the OECS hopes to preserve the benefits of CBI while addressing global concerns. Leaders say the initiative sends a strong signal that the region is committed to responsible management of the programmes.

Further research and sources for students:
SMN News
Antigua and Barbuda Citizenship by Investment Unit
OECS Official Website