Dominica First to Receive Loan to Improve Air Connectivity in the Caribbean

Dominica First to Receive Loan to Improve Air Connectivity in the Caribbean

On May 28th, 2020, the World Bank announced a concessional loan worth US $ 13 million to be conceded on June, 01, 2020for the Commonwealth of Dominica to improve the overall air connectivity in the Caribbean region and upgrade the airport infrastructure. The loan is aimed to facilitate safe accommodation of diverted flights, post disaster relief, post pandemic operations and other emergencies. The island nation has been putting millions aside from its revenue generated by its Citizenship by Investment Program to build its first international airport. 

Apart from Dominica which is the first beneficiary of the Caribbean airport projects, the World Bank is also to finance GrenadaSt Lucia and Haiti. This concessional loan has a 40 years maturity and a 10 years grace period. 

Improvised air connectivity and transportation will considerably increase the country's economy and other developmental aspects. The press release issued by the World Bank also specified that "Navigation and safety equipment will be improved, enabling emergency landing in case of natural disasters and increasing capacity in air traffic control, wildlife management, airport management and planning,". The Country Director of the Caribbean, Mr Tahseen Sayed, of the World Bank has notified that the project enhances "the overall resilience of key connection points in the Eastern Caribbean." 

Financial Times PMW magazine has called Dominica’s as the world’s best CBI program in its annual list of countries thrice consecutively. Dominica, also known as the nature’s paradise in the Caribbean region is emerging as an ecotourism destination taking into account climate resilience, nature immersion, and sustainability as priority rather than the quantity of visitors. Prime Minister Roosevelt Skerrit's vision is to make Dominica ‘world’s first climate resilient nation’. For that objective, the country is diligently upgrading and modernizing the infrastructure and other facilities including healthcare and hurricane resilient homes, eco-conscious hotels, geothermal plants etc, with the help of its burgeoning tourism and successful CBI program which has increased the country’s GDP considerably.

Nature lovers with global entrepreneurial aspirations are at the focal point of tourism as well as Dominica Citizenship by Investment Program to visit as tourists, live, work and study as economic citizens. Reputed foreign investors with high net worth are encouraged to join the program and take part in the sustainable growth of the country and its infrastructure.

December 26, 2020
St. Lucia Extends Covid-19 Relief Bond Until 31st December 2021

The government of St. Lucia initially launched the ‘’Covid-19 Relief Bond’’ under its citizenship by investment program on May 12th, which was previously set to expire on 31st December 2020. Cabinet of Ministers of Saint Lucia has now extended the offering of the special COVID-19 relief bond for one more year until 31st December, 2021. The CIP […]

November 21, 2020
The Ultimate Guide to Dominica Passport/Citizenship by Investment

Guide to obtain Dominica passport as your second passport through investment If you are considering second citizenship especially for the Caribbean country then you are at the right place, in this article, we elaborate why Dominica citizenship ranked as the top citizenship by investment country consecutively 4 times by CBI Index.   So why Dominica […]

November 15, 2020
Top 10 Reasons Saint Kitts Citizenship is the Ideal Solution for Your Second Citizenship Need

If you want to create more options, secure your freedom, and create more prosperity in your life by acquiring a second passport, you don’t want to put all your eggs into one country’s basket. Caribbean Citizenship by Investment programs is your savior. And one of the best — and fastest — ways to obtain a second passport for you […]

November 7, 2020
Saint Kitts & Nevis makes amendments in CBI programme to make it more family-friendly

New regulations make it easier for families to get citizenship in this Caribbean nation Effective immediately, and for all new applications, siblings will be allowed to be added to the application if they meet the following criteria:They are the brother or sister of either the main applicant or his/her spouse who is:o unmarriedo childlesso 30 […]

DUBAI OFFICE

Copyright 2020 CTrustGlobal Ltd. | All Rights Reserved | Working under the umbrella of Trust Group

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram