Saint Lucia Citizenship Investment Programme makes top three in the 2022 CBI Index

Castries, Aug. 26, 2022 (GLOBE NEWSWIRE) — St Lucia took third place in this year's instalment of the CBI Index "" which ranked 13 countries with operational citizenship by investment programmes.

Seen as an industry voice and reliable source for those looking to vet CBI programmes around the world, the CBI Index is published annually by the Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners.

This year, St Lucia was ranked alongside Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, Turkey, and Vanuatu.

The CBI Index ranked these jurisdictions across nine pillars including Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Having recently welcomed Mc Claude Emmanuel to the position of Chief Executive Officer of its CBI unit, St Lucia was recognised its affordable minimum investment outlay, reasonable mandatory travel or residence requirements and ease of application processing.

"This recognition means a lot to us. The CBI Index is a globally recognised report that has been assessing CBI programmes for the last six years and not only will investors gain insight into our programme but it also gives us an opportunity to improve aspects of our programme to increase our scores next year," said notes Mc Claude Emmanuel, CEO of St Lucia's CPI Unit.

Investors can become a citizen of St Lucia in as little as 90 days by investing only a minimum of US$100,000 through its National Economic Fund, and busy entrepreneurs are not required to stay in the country for prescribed periods of time.

There weren't many significant changes in the minimum investment outlays since the 2021 CBI Index, this was reflected in no change in the order of the final scores.

There were also no changes from the 2021 CBI Index to scores under the Mandatory Travel or Residence Pillar "" Caribbean nations continue to rank highly in this area.

The country scored 87% overall.

St Lucia scored 9 out of ten for Due Diligence, Citizenship Timeline, and Family.

A very important aspect of any CBI programme is its ability to vet applicants and ensure that only honest individuals who can account for how they make a living are accepted into the programmes.

"We are on an ongoing drive to continuously enhance the due diligence processes of our programme as we are very keen to protect its integrity and value," noted Mc Claude Emmanuel.

With ongoing geopolitical tensions, special attention is now being given to jurisdictions that offer CBI programmes. The international community is concerned that these programmes may offer boltholes for suspect characters looking to evade the law.

International respect is vital for any CBI programme to thrive, and a layer of ongoing monitoring is becoming a key pillar of reputable CBI Units such as that of St Lucia. Caribbean nations are setting global best practices when it comes to advancements in due diligence processes.

The Citizenship Timeline Pillar looks at the average time taken for citizenship to be secured by the applicant. One of the key merits of CBI programmes is their ability to provide a rapid route to second citizenship; St Lucia was awarded top points for its short turnaround times, which takes three months for citizenship to be granted from the date the Authorised Agent is notified that the application has been accepted for processing.

The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.

As an additional layer of nuance to its scoring system, this year's CBI Index also draws a distinction between family members who are allowed to apply with and obtain citizenship at the same time as the main applicant and those who can apply at a later stage and because of the main applicant has already received citizenship.

Multiple family member categories were considered, with points being awarded for adult children, parents, grandparents and even siblings. Additional merit was also given to programmes with provisions for family members of the main applicant's spouse. Additionally, the degree of flexibility within each of these categories can differ radically from programme to programme.

St Lucia scored 8 out of 10 in the Certainty of Product pillar. This pillar encompasses a range of factors that measure a programme's certainty across five different dimensions: longevity, popularity and renown, stability, reputation, and adaptability.

Longevity measures the age of a given programme while Popularity and renown evaluate the number of applications and naturalisations under each programme per year, as well as a programme's eminence in the industry.

The reputation of a programme was determined by the amount of negative press or the number of scandals it has been linked to, affecting investors' broader perceptions of the countries in which they invest. Just as important, however, is evidence that programme funds are being utilised for social good. Points were awarded for a jurisdiction's transparent use of CBI funds, for example for the development of domestic healthcare, education, tourism and other infrastructure. One of the main ways that investors can become citizens of St Lucia is through its Economic Fund which Mc Claude Emmanuel has said will "benefit all St Lucians by investing in social interventions and assisting the country to be food secure as assistance will be given to local farmers."

Lastly, adaptability reflects a programme's ability to rapidly respond to, and sometimes even predict, the needs of applicants and the industry.

St Lucia continues to offer a popular programme with consistently high application volumes, stability with no caps on the number of applications or specific calls to end the programme, and adaptability both in respect of changes to keep the programme functioning during Covid–19 and its swift response to the Russian invasion.

St Lucia, along with Antigua and Barbuda, Dominica, Grenada and St Kitts and Nevis scored seven out of 10 in the Freedom of Movement pillar. St Lucia has access to 15 of the 20 key business hubs assessed in the 2022 CBI Index.

Lastly, St Lucia scored six out of 10 for its decent freedom, GDP growth and GNI scores.

Download the full CBI Index here, to get further insights into the CBI industry and a full evaluation of the CBI programmes of the 12 other jurisdictions in the rankings.


In Zimbabwe, Auxillia Mnangagwa is Following in Grace ‘Gucci’ Mugabe’s Path

Zimbabwean First Lady Auxillia Mnangagwa appears to be following the example of her predecessor Grace Mugabe. Credit: Wikipedia.

Zimbabwean First Lady Auxillia Mnangagwa appears to be following the example of her predecessor Grace Mugabe. Credit: Wikipedia.

By Farai Shawn Matiashe
Bulawayo, Aug 26 2022 – On Friday, November 24, 2017, Emmerson Mnangagwa was sworn as interim leader during a colourful ceremony at the National Sports Stadium in the capital Harare, after the ouster of President Robert Mugabe in a military coup more than a week before.

Seated on Mnangagwa’s side is his wife, Auxillia, wearing a white costume and some expensive-looking gold jewellery. The couple looks on as the ruling party Zanu-PF supporters and Mugabe’s critics cheer the ushering in of a “Second Republic”, “New Zimbabwe”, and “New Dispensation”.

At this point, Auxillia, a former spy from the Central Intelligence Organisation and a former member of parliament who married Mnangagwa in 1984, was seen by many Zimbabweans as a “loving, peaceful and caring woman” popularly known as Amai. This Shona name translates to mother.

After the swearing-in ceremony, Auxillia focused on her philanthropic work supporting and uplifting marginalised communities, including women, young girls, and people with disabilities.

However, nearly five years later, Auxillia has gone into overdrive and seems to be following in the path of her predecessor, Grace Mugabe, nicknamed ‘Gucci Grace’ for her lavish shopping sprees in New York, Paris and Singapore.

Auxillia’s philanthropic work is now heavily funded by the State, she takes up space in the State-owned newspaper Herald and on Zimbabwe Television, and she officiates at the government’s official business.

Zimbabwean journalist and writer Douglas Rogers, in his book Mugabe: Two Weeks and journalist Geoffrey Nyarota with his Graceless Fall of Robert Mugabe: The End of a Dictator’s Reign, captures the story of Grace.

The shy receptionist Grace, who officially married Mugabe in 1996, was conferred a controversial Doctorate in Sociology by the University of Zimbabwe at a time her ally Jonathan Moyo was a Higher Education minister.

Reports emerged that Grace did not defend her thesis and did not spend enough time required for one to complete a doctorate, and the conferment was challenged in court.

Grace rose to power that same year when she got herself heavily involved in Zanu-PF’s shameful politics and State affairs.

She influenced her husband Mugabe to appoint young politicians from her faction, Generation 40, and even summoned government ministers and attended hearings.

Grace had Joice Mujuru and seven cabinet ministers aligned to the war veteran, fired by Mugabe in December 2014 before turning on Mnangagwa in a fierce battle that ended in November 2017 – a few weeks after Mugabe had sacked his deputy.

She used Zanu-PF gatherings to rant against her opponents, including military generals accusing them of working hand in hand with Mnangagwa to topple the long-time ruler and Africa’s strongman.

In 2018, Mnangagwa and his Lacoste faction, who accused Grace of taking over government functions before the coup, warned his wife, Auxillia, from interfering with his government official duties.

Since then, however, things have changed. In the Herald, a team of reporters seems to have become Auxillia’s personal reporters. They cover her philanthropic work, and people from the ‘Office of the First Lady’ apparently have the final say on what the editors publish.

Kudakwashe Munemo, a political analyst, told IPS that there is a lack of transparency on sources of funds channelled to Auxillia’s philanthropic work.

“As a country, we do not have an official office of the spouses of whoever is elected President. That distinction is key, for we ought not to have a conflation between programmes conducted by the President’s spouse and those by the government, especially where state resources are involved at the expense of official government business,” he said.

Maxwell Saungweme, a political analyst, said the problem Zimbabwe is facing is that there is no clear distinction between Mnangagwa’s family, the ruling party, Zanu-PF and State business.

“What she is doing is part of the rot of party-State-military conflation and, in this case, first family-State conflation,” he said.

“She is certainly not learning from Grace and other first ladies elsewhere in Africa who did not keep to their lane while their husbands do government and state business. Everything she is trying to do is wrong.”

Auxillia, who travels around the country using blue lights security detail and sometimes with road-clearing and traffic-blocking police motorcycles, a privilege enjoyed by few top government officials, has been conferred various titles from ambassadors to patrons of some State institutions.

In May, Auxillia was conferred a Doctor of Philosophy (PhD) (Honoris Causa) degree at GD Goenka University in Gurugram Haryana, India, in recognition of her philanthropic work.

Also, in May, Auxillia officially opened the African Elephant Conference, held in Hwange, a resort town 335 kilometres from Zimbabwe’s second-largest city Bulawayo, ahead of the 2022 Convention on International Trade in Endangered Species.

Even though Auxillia is Environment, Climate, Tourism and Hospitality Industry patron, political analysts say that she took over a government function as the conference was an inter-State meeting attended by ministers from 14 African countries.

“Roles of First Ladies or spouses of leaders vary across political jurisdictions, with some preferring them to remain in the background while others allow a more active role,” Vivid Gwede, a political analyst, told IPS.

“Where they are allowed to play an active role, this does not clash or compete with officials and ministers of government being usually ceremonial.”

He said in Zimbabwe active first lady easily oversteps the boundaries and causes problems.

“This is apart from questions of transparency and accountability in the use of public resources,” said Gwede.

Rashweat Mukundu, a political analyst, said the “Office of the First Lady” should reflect the soft side of the President.

“There is nothing wrong with Auxillia doing philanthropic work. What is of concern is to abuse that office for partisan politics. It could be political campaigning or any other office that excludes other groups. This is because the Office of the First Lady must be a unifying office. It must be an office that reflects the interests of the generality of citizens across the political divide,” he said.

He said accountability is an area that needs to be looked at to guarantee that State resources are not used for partisan politics.

“The challenge is that we have no mechanisms for accountability determining how much the State allocates to the Office of the First Lady. If the First Lady is energetic as the current First Lady is, it is an opportunity for the First Lady to do activities that unite us rather than those that divide us further,” he said.

IPS UN Bureau Report

 


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The Journey to Defend Human Rights Never Ends

By Michelle Bachelet
GENEVA, Aug 26 2022 - As you know, after four years as the UN High Commissioner for Human Rights, my mandate ends next week, on 31 August.

The world has changed fundamentally over the course of my mandate.
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