CS Global Partners: How a Small Caribbean Island is Poised for Big Economic Growth in 2022

LONDON, Jan. 26, 2022 (GLOBE NEWSWIRE) — The Federation of St Kitts and Nevis has been crowned as the highest–ranking Caribbean nation in a new report that investigates the value of citizenship through the lens of the global citizen.

The World Citizenship Report (WCR) was conducted by CS Global Partners, a leading government advisory and marketing firm. The WCR highlights the World Citizenship Index (WCI), an innovative tool that compares world citizenships from the perspective of a global citizen. The index's methodology assessed 187 jurisdictions across five key motivators defining citizenship for the global citizen.

It also took into account interviews from over 500 self–proclaimed global citizens. The WCR ranked the dual island nation the highest of all the Caribbean Citizenship by Investment (CBI) nations in the region, with a score of 48 points in the overall ranking. It also performed well in the Safety and Security, Quality of Life and Global Mobility motivators.

According to the report, St Kitts and Nevis "boasts a stable government and robust economy. The nation has been attracting economic citizens since 1984, making it one of the most trusted and successful programmes of its kind. The St Kitts and Nevis CBI Programme has allowed investors and their families to legally obtain citizenship of one of the most idyllic locations of the region."

The nation has a bright future filled with new opportunities, including a positive outlook for 2022, as it works towards building its own sustainable nation in which all citizens will benefit.

Positive Economic Outlook for 2022

According to the International Monetary Fund (IMF)'s prediction for 2022, this will be a year of steady economic growth for St Kitts and Nevis. The IMF also noted that the nation's CBI funds contributed to reducing public debt well below the regional debt. In the past 7 years, the Team Unity Government has reduced the country's debt from 186 percent of Gross Domestic Product (GDP) in 2021 to 40.6 percent in 2020.

Furthermore, in a Virtual Protocolary Meeting of the Permanent Council of the Organization of American States (OAS) earlier this month, the country performed well on a number of economic performance scorecards.

"The World Bank data for 2019 for example, shows that, setting aside the United States of America and Canada which are not in our peer group, St Kitts and Nevis ranked third among the remaining 32 OAS sovereign states in per capita GDP. Only the Bahamas and Panama were higher," said Prime Minister Timothy Harris, who is also the Federal Minister of Finance.

A Bright Future for St Kitts and Nevis

In a recent national address, Prime Minister Harris called on the private sector for support in order to deliver an even stronger economic growth scorecard.

"We need all of us working together as partners, and I am confident that we shall deliver more working together. We have always been resilient and innovative people. It is that innovation and resilience we must continue to employ in the face of the current challenges. It is what we need to find niches and opportunities for our continued advancement, despite living with COVID–19," he said.

2022 will see an increase in strategic and direct investment in citizens, infrastructural development, and institutional strengthening in order to propel the nation towards achieving its development goals. These important projects are substantially funded by the nation's CBI Programme.

The Platinum Standard Citizenship by Investment Programme

Established in 1984, St Kitts and Nevis' Citizenship by Investment Programme is the longest–running in the world. With nearly four decades of experience, the Programme is one of the most coveted and has become known as the "Platinum Standard' brand in the industry.

The Programme empowers wealthy foreign investors and their families to acquire second citizenship once contributing to the Sustainable Growth Fund (SGF). The fund is hailed as the most straightforward route to a second citizenship. Investments made to the SGF are channelled into important development projects on the islands, from education to healthcare to tourism.

Once undertaking the diligent multi–tiered vetting process, successful applicants gain citizenship, which comes with a plethora of other benefits. These include global mobility, the right to live, work and study in the nation and lastly, the option to pass down citizenship for generations to come, securing one's future legacy.

"The robust procedures that are embedded in the CBI programme have enabled us to maintain our Platinum brand and have ensured we take a significant share in the major markets around the world," said Prime Minister Harris.


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ROSEN, A LEADING LAW FIRM, Encourages Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. Investors With Losses Over $100K to Secure Counsel Before Important March 4 Deadline in First Filed Securities Class Action Commenced by the Firm– MMAT, MMTLP, TRCH

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (NASDAQ: MMAT, TRCH) (OTC: MMTLP) between September 21, 2020 and December 14, 2021, both dates inclusive (the "Class Period"), of the important March 4, 2022 lead plaintiff deadline in the securities class action first filed by the firm.

SO WHAT: If you purchased Meta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Meta class action, go to http://www.rosenlegal.com/cases–register–2224.html or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 4, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the business combination of Torchlight Energy Resources, Inc. and Metamaterial Inc. would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products' novelty and capabilities; (5) the Company's products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Meta class action, go to http://www.rosenlegal.com/cases–register–2224.html or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827

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