International Firm Praises Dominica’s CBI Programme
Posted on August 20, 2019
PricewaterhouseCoopers, the world’s second largest multinational professional services firms, has praised Dominica for the success of its Citizenship by Investment programme (CBI).
In a report released Monday the firm said the programme was expected to have a long-term positive impact on the island.
PWC said it was commissioned to review the fiscal impact of Dominica’s CBIP over the period 2014- 2019, and visited the island in July 2019.
According to the company’s report, EC $ 582.6 million has been spent from CBIP funds across a range of sectors to support the recovery effort.
It went on to say that CBIP expenditure between 2014- 2019 has had an indirect impact on Dominica’s economy, and could increase GDP by EC $150 million, and tax receipts by EC $30million.
PWC noted that CBIP expenditure will have had a significant long- term impact on the economic potential of the island.