Dominica
Dominica is Committed to Housing Every Family as 1,000 New Homes are Planned for 2022
The Commonwealth of Dominica is moving toward attaining its "Dynamic Dominica" goal as they announce that a further 1000 homes will be built during 2022.
In his first online show of the New Year, Prime Minister Dr the Honourable Roosevelt Skerrit addressed the nation with ambitious plans for 2022, highlighting the ongoing Housing Revolution Project.
Dominica's government has been praised by global organisations like the International Monetary Fund (IMF) for its consistent performance in providing benefits to its citizens, including housing, healthcare, education, and infrastructure building. These life-changing projects are funded by the nation's Citizenship by Investment (CBI) Programme, which continues to have a positive impact on the citizens of Dominica.
The Housing Revolution is one of many projects funded by the country's CBI Programme. The Government aims to build 5,000 new modern, climate-resilient homes for affected families, along with community facilities, health centres and modern infrastructure.
"We are expecting to see the construction of up to 1,000 homes in 2022. Good news for those who are waiting for homes. The Government has given the commitment to housing every family," said Prime Minister Skerrit.
Read: Dominica Completes $2m Bypass Project to Safeguard Community During Hurricane Season
"We touched the lives of families from Marigot, Yampiece, Goodwill, Giraudel, Portsmouth, Sineku, Delices and Warner. This project dates back to my negotiations with the World Bank less than a month after Hurricane Maria for an EC$110 million financial package to restore livelihoods in the agriculture and housing sectors," he added.
The Dominica government initiated this project to build back better after Hurricane Maria hit the island in 2017. All the buildings being constructed are climate-resilient and are capable of handling any category five hurricanes.
"If we work together, we can achieve even more. We will continue to advance these transformational projects in order to create a Dynamic Dominica. Many of these projects, including the Housing Recovery Project, are made possible from the funds raised through Dominica's Citizenship by Investment (CBI) Programme," said Prime Minister Skerrit.
Read: Dominica's Housing Revolution Provides Climate Resilient Homes to Ten Families
Established in 1993, Dominica's CBI Programme [ https://www.cbiu.gov.dm/ ] welcomes investors and their families to become citizens of the nation once contributing to an Economic Diversification Fund [
https://www.cbiu.gov.dm/investment-options/economic-diversification-fund/ ] or
through Approved Real Estate Investment [
https://www.cbiu.gov.dm/investment-options/real-estate/ ]. After successfully
passing its multi-tiered vetting process, successful applicants gain second
citizenship along with travel freedom to over 160 destinations, the right to
live, work and study in the nation, as well as the ability to pass down
citizenship for generations to come.
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2 years ago
Dominica Completes $2m Bypass Project to Safeguard Community During Hurricane Season
As cities across the world face unprecedented floods and other climate catastrophes, the Commonwealth of Dominica is doing everything in its power to curb the crisis.
Last week, the Government of Dominica announced the completion of the Berekua Bypass Project in its ongoing efforts to build more climate-resilient communities. The building of the bypass took five months and cost over two million EC dollars. This included constructing a twelve-metre box culvert, the upper and lower wing walls and drain channels.
Also read: Even hospitals flooded in London as they ask patients to stay away
3 years ago
Dominica's Housing Revolution Provides Climate Resilient Homes to Ten Families
Earlier last week, the Commonwealth of Dominica handed over ten housing units to families in the village of Cochrane.
As part of the nation's Housing Revolution, the homes are climate resilient meaning that they are constructed to withstand weather disasters. During the handing over ceremony, Prime Minister Roosevelt Skerrit and several other cabinet members highlighted how improving the housing infrastructure will positively impact other facets of beneficiaries' lives, contributing to a higher standard of living.
The Housing Revolution is one of the most extensive projects funded by the nation's Citizenship by Investment (CBI) Programme. Revenue generated under the programme is contributing to the construction of over 5,000 hurricane-resilient homes across the island as part of Dominica's feat to become the world's first climate resilient nation. Not only will these homes contribute to achieving
climate resilience but will also help eliminate poverty – both of which fall under the United Nations' Sustainable Development Goals.
READ: 'Small Countries Left Fending for Ourselves,' Says Dominica's Environment Minister
Prime Minister Roosevelt Skerrit spoke on the importance of providing stable housing to its citizens: "Once you have decent accommodation with access to the amenities, like water and light, your standard of living automatically improves. As part of human nature and in the animal kingdom, the pre-occupation is to find shelter," stated PM Skerrit.
"It would cost money, but it is an investment that is believed to be worth it as human life is more precious than anything else. After this ceremony, there will be 10 families that would claim a piece of land in Dominica as theirs. These people can also pass it to their children through the will," he added.
This initiative is made possible by foreign investors who have contributed to
Dominica's Citizenship by Investment Programme ( http://www.cbiu.gov.dm/) . The
Programme offers an attractive route to second citizenship for high net-worth
individuals and their families once they make an investment into either the
government fund ( https://cbiu.gov.dm/investment-options/economic-diversification-fund/ ) or
through the purchase of real estate ( https://cbiu.gov.dm/investment-options/real-estate/ ). Established in 1993, the CBI Programme has been particularly popular amongst the Asian market for wealthy investors seeking a Plan B.
Once undergoing its multi-tiered vetting procedure, those who are successful gain access to increased global mobility to over 140 destinations, the right to live, work and study in the nation and the ability to pass down citizenship for generations to come.
READ: Opportunities for Children's Future Increase with Citizenship by Investment, Says Dominican PM in Times of India Webinar
Despite being a small island, Dominica has channelled significant resources into the betterment of its citizens. This is accredited to the nation's stable governance, transparency and its commitment to its population. Aside from housing, the government have used CBI funds to build multiple health centres and hospitals, a geothermal plant and is in the process of developing an international airport.
3 years ago
'Small Countries Left Fending for Ourselves,' Says Dominica's Environment Minister
Last week, leaders from seven of the world's wealthiest countries gathered in Cornwall, the UK, for the 2021 G7 Summit.
The heads of state from Canada, France, Germany, Italy, Japan, the UK, the US, and representatives of the EU met to discuss global challenges – including a response to the COVID-19 pandemic and climate change.
The leaders reaffirmed their goal to limit global heating to 1.5C and to protect and restore 30 percent of the natural world by the end of this decade. However, experts say that the summit failed to provide developing nations with the funds needed to cut greenhouse gas emissions and cope with the impacts of global warming.
Also read: In poorest countries, surges worsen shortages of vaccines
The Caribbean is one of many regions globally that has seen the devastating impact of climate change. When category 5 Hurricane Maria struck Dominica, an island of only 72,000, in September 2017, more than 90 percent of the island's structures were destroyed. However, in the face of catastrophe, the country's Prime Minister, Dr the Honourable Roosevelt Skerrit, declared that the small country would commit to becoming the world's first climate-resilient nation by building back better and stronger.
Cozier Frederick, Dominica's Minister of Environment, Rural Modernisation and Kalinago Upliftment, told CS Global Partners [http://www.csglobalpartners.com/] that "Small countries like Dominica have done little to hyperbolise the climate crisis. Instead, we in Dominica are on our way to climate resilience because we have no other choice, we are left fending for ourselves. Global leaders need to live up to their climate commitments, otherwise, climate catastrophe will worsen for us all."
Also read: G7 must ensure vaccine access in developing countries: UN experts
Today, with the help of the Citizenship by Investment (CBI) Programme [http://www.cbiu.gov.dm/ , Dominica is constructing over 5,000 weather-proof homes for its citizens and investing in rehabilitating its agriculture and fishing industries. It is also working towards building a geothermal plant which will reduce the cost of electricity for consumers and provide electricity to the French islands of Guadeloupe and Martinique, which in turn will encourage foreign exchange.
CBI programmes legally grant citizenship status to applicants who invest in a host country's economy and do so much faster than traditional immigration processes. Dominica's CBI programme provides applicants with a swift processing time, thorough due diligence and affordable investment options channelled into health, education and employment initiatives on the island. With second citizenship from Dominica, individuals and their families can quickly formulate a Plan B and obtain global mobility without physically relocating, going through extensive interviews or waiting years as commonly associated with the traditional immigration process.
Also read: Opportunities for Children's Future Increase with Citizenship by Investment, Says Dominican PM in Times of India Webinar
3 years ago
ToI Webinar Discusses Effectively Planning Future Through Citizenship by Investment in Dominica
The Commonwealth of Dominica's Citizenship by Investment Unit (CBIU) is partnering with the Times of India to bring to light all the benefits that come with being an economic citizen of Dominica.
4 years ago