Prime Minister, Allen Chastanet has said that this country has erred on the side of caution in its Citizenship by Investment Programme (CIP).

“I think it has been a learning curve for us, particularly in the processing,” Chastanet told reporters Thursday.

“Whereas we are not certain as to how we should proceed, we have not given approval,” Chastanet, who is also responsible for finance, explained.

He disclosed that Saint Lucia has been working closely with regional security firms and third party firms to ensure that this country’s borders are protected.

“As I have said, it is not just about the security of Saint Lucians, which is very high on our list,  but it is also to give confidence to  our neighbours – the French, the Dutch, the British, the Americans, the Canadians and the Europeans, that we recognise their border as our border” Chastanet asserted.

He said he was very satisfied with the progress that Saint Lucia is making and comfortable with the team this country has.

“The Chairman, Mr. Ryan Devaux, is a very well accomplished banker and has been incredibly successful and also now the CEO, Mr. Nestor Alfred, is no stranger to Saint Lucia and what his capabilities are and I am satisfied that both of them are non-political,” Chastanet declared.

He said the entire CIP board is intended to be at ‘arms length’ away from the government.


  1. The country has erred on the side of caution in its CIP the Prime minister said, he should have said ” I have erred , instead of saying this country” this is the consequence of a policy of ” TRIAL AND ERROR” without visualizing the consequences,or the results, some of the PM policies comes with haste in implementing without proper planning, but who pays for the mistakes that he has done, ALL OF US

    • Do you remember that CIP was not initiated by this government? It is quit clear that he is saying that he wants to fix it.T

  2. A whole lot of sweet nothing to avoid admitting that he has messed up and doesn’t know what he’s doing. That’s what happens when you’re too eager to convince and prove that you’re smarter than everyone else and that you know and understand things better than you really do — this wonder boy who would make everything look so easy. It’s also the consequence of pettiness and vindictiveness, when you’re too much in a hurry to victimize and fire people that you might well have learned a thing or two from. Real jackass, this Chastanet guy.

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