The long-awaited Citizenship by Investment Programme (CIP) report will be presented in the House of Parliament on Tuesday. Prime Minister and Minister for Finance Philip J Pierre stated on Monday that, during the recent budget throne speech, he displayed the report to address public concerns about its existence. He confirmed that the audited report is complete as of March 1, 2025.
Members of the opposition United Workers Party (UWP) and its leader have raised concerns about the delayed report, citing it as a transparency issue for the Government. The report, initially promised for 2025, became a key topic ahead of the December 1, 2025, election.
The Citizenship by Investment Saint Lucia Annual Report 2024-2025 will be laid before the House by Deputy Prime Minister and Minister for Tourism and Investment Dr Ernest Hilaire. He will also present the order paper for the Citizenship by Investment (Amendment) Regulations.
Pierre is also expected to present several papers at Tuesday’s House sitting.
These include the Public Finance Management Act- Resolution of Parliament to invest in the International Finance Corporation and the Public Finance Management Act – Resolution of Parliament to borrow for capital or current expenditure – Section 1 of the Sir Julian R. Hunte Highway Project.
The Prime Minister will also present resolutions to borrow for the rehabilitation and upgrade of the Theobalds Water Supply System, to guarantee borrowing by the Saint Lucia Air and Sea Ports Authority for the reconstruction of Berth No. 4 at Port Castries, and to secure additional funding for the Patience Community Water Supply Project, among others.
