Prime Minister, Dr the Right Honourable Keith Mitchell has been presented with a copy of the report from the inaugural Investment Migration Roundtable, held here in November 2020.
Managing Director of the Grenada Co-operative Bank Ltd., Richard Duncan, accompanied by the bank’s Executive Manager for Sales and Service, Willvorn Grainger, presented the report to the Prime Minister on Tuesday.
Duncan said, Co-operative Bank, as the event organiser, is working towards implementation of some of the recommendations contained in the report. He also noted that plans are being put in place for the 2021 event, which will again be held in November.
He pledged the bank’s commitment to working with Government and the Citizenship by Investment Unit to develop a stronger sector that can continue to make a significant contribution to the development of the country.
Dr Mitchell expressed his gratitude for the report, and applauded the bank’s initiative in bringing together investment migration stakeholders in Grenada.
He said, “The bank’s leadership in this area is extremely important and the act of bringing all the major stakeholders together, has the potential to result in tremendous positive benefits for the sector and for the country as a whole. Government reognises that we need to further professionalise the investment migration sector so that the country can make maximium benefits of the programme, while at the same time, maintaining the integrity of the programme and protecting the country’s image. I applaud the initiative and I am keen to see how we can move the sector forward.”
Investment migration is recognised as a global phenomenon through which many countries attract investors for development projects, in exchange for which they can apply for and be approved for second citizenship.