A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) from the United Nations indicates that the Commonwealth of Dominica was the fastest growing economy in the entire Latin America and the Caribbean region in 2019.
The island’s GDP is said to have jumped up by 9%, attributed to Citizenship by Investment (CBI), soaring tourism numbers and public sector construction.
Foreign investors sought to obtain second citizenship from Dominica through the CBI Programme, choosing to either make a minimum US$100,000 contribution to a government fund or invest in pre-approved real estate, such as luxury resorts and boutique hotels.
Some reasons driving investors’ trust are linked to them seeking to belong to a stable democracy with great diplomatic relations, a trustworthy business environment and a promising economic future.
Importantly, Dominica’s CBI Programme is considered the best in the world, employing reliable due diligence that particularly attracts global individuals and families with indisputable integrity.
2023 Caribbean travel and tourism outlook is favorable
Despite global pressures such as high inflation, the war in Ukraine, the ensuing energy crisis, and an impending economic recession, the outlook for Caribbean travel and tourism is favorable, according to the Barbados-based Caribbean Tourism Organization (CTO).
Delivering the region’s 2022 “Tourism Performance and Outlook Report” in Bridgetown today, Neil Walters, Acting Secretary General of the CTO, confirmed that […]
The largest tourism fair in the DR will be held from April 26 to 28
DATE is the country and the Caribbean’s most important tourism promotion fair for Dominican products. According to Andrés Marranzini, executive vice president of Asonahores, DATE is the stage where the industry’s main source markets meet the hotel sector and the local complementary offer. He stated that the event focuses on promoting Dominican tourism products in order to increase the flow of tourists […]
Point of View: Jamaica Blue Mountain Coffee Festival celebrates the world’s best tasting coffee this spring
Coffee lovers worldwide unite and honor one of the world’s most sought-after coffee beans at the 6th annual Jamaica Blue Mountain Coffee Festival. This year the festival marketplace takes place on Saturday 25th March in its usual home, the historic Newcastle Parade Grounds in St. Andrew, Jamaica.
Regarded as one of the best coffees in the world, Blue Mountain Coffee is grown […]
Urgently reduce global warming
World leaders need to listen to and act on solid scientific guidance to urgently reduce global warming, the UN Secretary-General António Guterres said in a video message at the opening of the new session of the Intergovernmental Panel on Climate Change (IPCC) on Monday.
Underlining the “urgent need to end global heating with cold, hard facts”, he said the panel’s forthcoming report ahead […]