Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Travel


Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Commentary: Grenada government amends Citizenship by Investment Act
Published on March 26, 2014 Email To Friend    Print Version

By Arthur Kallick

Nicholas Steele, Grenada’s minister of foreign affairs and international business piloted a bill in the country’s parliament to amend the Citizenship by Investment Act #15 of 2013. Under aegis of the Citizenship by Investment (Amendment) Bill 2014, the ruling New National Party (NNP) administration seeks to amend Section 14, sub-section 3 by deleting paragraph (b).

arthur_kallick.jpg
Arthur Kallick was born in Trinidad and lived in Grenada until he moved to Canada in the late 1980s after completing secondary school. He has a Master’s in family counselling and child physiology from the University of Toronto. He is now a freelance writer and has been living in Grenada for the past six years, and at present works with Caribbean Family Planning unit as a counsellor
The said Section 14 dictates that the minister shall supply to the parliament “prescribed information” on applications made granted and refused under the Act. The report shall be for a six-month period in each year starting on January 1 and July 1 and may be prepared within one month of the expiry of each half-year period.

Minister Steele, whose wife has been granted the licence of a local agent, seemed nervous as he piloted what can be described as an assault on the threshold of transparency provided for in the original legislation.

The section to be deleted (b) reads:

“The names, addresses and nationalities of the applicants and any dependants included in the applications.”

The million dollar question to Minister Steele is why does his administration think it necessary to limit the information provided to the Parliament? Past experience suggests that opaque transactions have damaged the nation’s reputation in the past. The likes of Eric Resteiner, Victor Kozeny (the pirate of Prague) and Van Brink are potent reminders of a dubious past that was facilitated by a previous NNP administration.

As it stands the report will contain the number of applications made, granted and refused. The names of the government sponsored project that will receive funding under the application, aggregate amounts deposited with the National Transformation Fund and other information that the minister considers appropriate.

Recent decisions taken by the government of St Kitts should remind the administration that any Citizenship by Investment Programme must contain international best practices in transparency and accountability. To diminish these prerequisites by amending legislation that is barely a year old speaks volumes about the administration’s commitment to good governance.

The Grenadian people deserve better.
 
Reads: 4123





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: