| If the St. Government heeds the advice of the IMF it could do away with channeling revenues from the sale of citizenships from the controversial SIDF into another type of fund. The IMF has recommended managing CBI revenue savings through an alternative investment vehicle such as a Sovereign Wealth Fund, which would have parliamentary oversight.
This is according to Ahmed El Ashram, IMF Economist for the Western Hemisphere, speaking at the inaugural Caribbean Region Citizenship By Investment Programs Meeting in St. Kitts on June 15. He gave a comprehensive presentation outlining how best St. Kitts-Nevis, and other countries in the region could manage the revenues gained from the CBI programs...............................................Full Article: Source
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