Saint Lucia updates its Citizenship by Investment regulations to remain competitive in the investment migration industry

Castries, Dec. 30, 2022 (GLOBE NEWSWIRE) — Saint Lucia has amended the regulations of its Citizenship by Investment Programme to remain increasingly competitive and ensure that the Caribbean country fulfils its mandate of growing demand for its investment products for the ultimate benefit of the people of Saint Lucia.

As one of the youngest Citizenship by Investment products in the market, Saint Lucia has made bold strides in offering an alternative investment option in the Caribbean’s most developed and diverse economies.

The country’s Citizenship by Investment Unit has taken a comprehensive review of its Citizenship by Investment offerings following approvals from the Citizenship by Investment Board and Honourable Deputy Prime Minister and Minister for Tourism, Investment, Creative Industries, Culture and Information, Ernest Hilaire. The below amendments to the existing regulations will take effect from 1 January 2023.

  • Developers applying for approved real estate under the Citizenship by Investment Programme or enterprise projects will now have to pay due diligence and background check fee of US$7,500.
  • The replacement fee for a lost or damaged certificate will increase from US$100 to US$500.
  • Investors who have been a citizen of Saint Lucia for 12 months or less that are looking to include a newborn dependent through the country’s National Economic Fund will now have to pay a fee of US$5000, this has increased from US$500.
  • There is also an introduction of a new Bond Offer for investors purchasing non-interest-bearing Government Bonds with the following qualifying investment sums:
Category of applicant Bond purchase sum Bond holding period
Applicant and all qualifying dependents of any number US$300,000 5-year holding bond
Administrative fee (regardless of the number of dependants) US$50,000
  • To qualify for second citizenship through the real estate option, investors will have to invest a minimum of US$200,000, a reduction from US$300,000.

Saint Lucia is emerging as one of the fastest-growing economies in the Caribbean region and the nation is well-known for offering various investment and business opportunities for people looking for options to plan their wealth and diversify their portfolios.

The country’s Citizenship by Investment Programme is a perfect choice as it offers ideal business opportunities to investors who do not want to be bound by border limitations.

The Caribbean country is recognized for providing a second home not just to investors but to their families too. The nation has been lauded for its advanced and modernized infrastructure. Saint Lucia has one of the most resilient, modernized education and healthcare systems in the region, which makes it ideal for investors and their families.

The Citizenship by Investment Programme of this Caribbean country attracts Foreign Direct Investment (FDI) for the nation which is used for advancing various projects such as the development of infrastructure, advancement of real estate, business expansion and job innovation.

The CBI Index 2022, published by PWM Magazine of Financial Times, reported that CBI is assuring the small island nation of Saint Lucia has become independent, developed and prosperous in the true sense. The report also recognized the programme for its “Ease of Processing” and “Due Diligence” Pillars. This year, Saint Lucia’s Citizenship by Investment Programme climbed a spot and gained the third position.

Saint Lucia’s Citizenship by Investment Unit makes sure that citizenship is given to credible applicants of good standing while their dependants over the age of sixteen are also subject to multi-layered due diligence checks, in order to qualify for alternative citizenship. Saint Lucia asks for detailed information from the applicants to understand the funding source of the investors who want citizenship.

On this due diligence aspect, Minister Ernest Hilaire recently addressed concerns and fears related to Saint Lucia’s CBI Programme. He gave assurance that the government of Saint Lucia and its CBI Unit perform a strict and rigid due diligence process. Hilaire explained that the due diligence process is a multi-layered procedure noting, “Due diligence is performed by our Unit on all applicants, this is then followed by another due diligence check by the banks. This is then followed by due diligence checks by international intelligence units who also do on-the-ground assessments.”

He also noted that the Government and Unit have been planning to review the country’s CBI programme, making it more attractive as well as competitive. Minister Hilaire announced that these updates would maintain the country’s rigorous but seamless vetting process.

While the programme is the newest in the region, launched in 2016, the Government has made sure to set the bar very high – the programme has been regarded as one of the most advanced, secure as well as transparent programmes.

Through the National Economic Fund, this prestigious programme has helped the nation to develop important public infrastructure. The funds from the programme have been directly contributing to advancing the standard of living of Saint Lucians.

Alternative citizenship in the Caribbean nation is emerging as a platform to alleviate and tackle the risk of uncertainty and unpredictability in future. There is no other better plan than investing in building a new home at a place which offers ample opportunities and, most importantly, peace out of the hustle and bustle of big cities.

PR Saint Lucia
Saint Lucia
+1 758 458 6050
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8721602

New Down Syndrome Resource Available in Spanish and Japanese

Global Down Syndrome Foundation, Centro UC Síndrome de Down and Japan Down Syndrome Association Join Forces to Translate & Provide Online Access to the GLOBAL Adult Guideline

DENVER, Dec. 29, 2022 (GLOBE NEWSWIRE) — Today, Global Down Syndrome Foundation (GLOBAL), published a Spanish and Japanese version of the GLOBAL Medical Care Guidelines for Adults with Down Syndrome (“GLOBAL Adult Guideline”) in collaboration with the El Centro de la Universidad Católica de Síndrome de Down in Chile (Centro UC Síndrome de Down or CUSD) and the Japan Down Syndrome Association (JDSA).

The GLOBAL Adult Guideline is the first evidence-based guideline for adults with Down syndrome and was published in English in JAMA, the Journal of American Medical Association, in 2020. The guideline authors include the directors of the largest adult Down syndrome clinics in the US, and the current nine medical topics are: behavior, dementia, diabetes, cardiovascular disease, obesity, osteoporosis, atlantoaxial instability, thyroid disease, and celiac disease. GLOBAL is working to expand the topics to include sleep apnea, solid tumors, leukemia, vision/eye care, and physical therapy and fitness.

In addition to the 80-page guideline for medical professionals, GLOBAL has also published a much shorter family-friendly version, and toolkits that include easy to follow assessments for Celiac disease, Diabetes, Behavior, and annual check-ups.

All of these resources for adults are now available in Spanish and Japanese at no cost on the GLOBAL website, DS-Connect®: The Down Syndrome Registry, CUSD website, and JDSA website.

“GLOBAL is pleased to be able to reach Spanish and Japanese speakers who have Down syndrome and their families in the U.S. in collaboration from the National Institutes of Health/DS-Connect®,” says Michelle Sie Whitten, President & CEO of the Global Down Syndrome Foundation. “The NIH’s Eunice Kennedy Shriver National Institute of Child Health and Human Development has been supportive from the beginning. We are also deeply grateful for Dr. Macarena Lizama at CUSD and Dr. Hiroshi Tamai, President of JDSA, Dr. Chisen Takeuchi of the JDSA for helping to ensure this reaches hundreds of thousands of Spanish and Japanese speakers around the world.”

GLOBAL has worked with Congress since 2006 advocating for a trans-NIH Down syndrome research funding program and for increased funding. In December of 2010, GLOBAL and the NIH co-organized the first Down syndrome research conference with a focus on registries and biobanks. One important result was the establishment of DS-Connect®: The Down Syndrome Registry.

“It is so important for me and other people with Down syndrome to have this in Spanish,” says Yadiro Carrillo, a 32-year-old self-advocate and entrepreneur who happens to have Down syndrome. “I need to know how to take care of myself as an adult!”

“Seeing the guideline in Spanish feels like GLOBAL values Spanish -speaking families like mine,” said Yadira Carrillo, mother of a 32-year-old daughter who has Down syndrome. “Language is a barrier some families face to receiving medical care and I know this will help so many people in the U.S. and internationally.” In Chile, GLOBAL has been working closely with Dr. Lizama on many projects including creating the Spanish version of the GLOBAL Guideline and the COVID-19 and Down Syndrome Resource.

“What Michelle, Bryn Gelaro and their team have accomplished in research and medical care is so important,” says Dr. Macarena Lizama, Medical Director of the El Centro de la Universidad Católica de Síndrome de Down in Chile. “We are honored to collaborate with GLOBAL on this transformative resource and to improve medical equity, especially for Spanish-speaking countries where medical care access and basic resources for people with Down syndrome can be very scarce. I will be very proud to use this resource in my clinic and share it with my colleagues and families.”

Dr. Hiroshi Tamai echoes this sentiment, “We are grateful for the collaboration we have had with GLOBAL and to have this important resource in Japanese is a dream come true. My daughter and thousands of Japanese adults with Down syndrome will surely benefit. We look forward to working with GLOBAL and adding new medical areas in the next few years.”

GLOBAL is currently working with the Ministries of Health in both Chile and Japan to ensure the guidelines are available free of charge and easily findable on their disability home pages.

To learn more about the GLOBAL Adult Guideline and download your copy today, visit www.globaldownsyndrome.org/medical-care-guidelines-for-adults/

To learn more about Global Down Syndrome Foundation, visit www.globaldownsyndrome.org

About Global Down Syndrome Foundation
The Global Down Syndrome Foundation (GLOBAL) is the largest non-profit in the U.S. working to save lives and dramatically improve health outcomes for people with Down syndrome. GLOBAL has donated more than $32 million to establish the first Down syndrome research institute supporting over 400 scientists and over 2,200 patients with Down syndrome from 33 states and 10 countries. Working closely with Congress and the National Institutes of Health, GLOBAL is the lead advocacy organization in the U.S. for Down syndrome research and care. GLOBAL has a membership of over 100 Down syndrome organizations worldwide, and is part of a network of Affiliates – the Crnic Institute for Down Syndrome, the Sie Center for Down Syndrome, and the University of Colorado Alzheimer’s and Cognition Center – all on the Anschutz Medical Campus.

GLOBAL’s widely circulated medical publications include Global Medical Care Guidelines for Adults with Down Syndrome, Prenatal & Newborn Down Syndrome Information and the award-winning magazine Down Syndrome World TM . GLOBAL also organizes the Be Beautiful Be Yourself Fashion Show, the largest Down syndrome fundraiser in the world. Visit globaldownsyndrome.org and follow us on social media (Facebook & Twitter: @GDSFoundation, Instagram: @globaldownsyndrome).

IMPORTANT NOTICE
While content of this press release and the GLOBAL Guideline was developed by GLOBAL and the GLOBAL Guideline Authors, we are unable and do not intend to provide medical advice or legal advice to individuals. Please contact your health care provider(s) or legal advisor(s) for questions specific to your individual health history or care.

Press Contacts
Anca Call
acall@globaldownsyndrome.org
720-320-3832

GlobeNewswire Distribution ID 8721542

Egypt Approved Policy To Limit State’s Businesses, Boost Private Sector’s Role

CAIRO– Egyptian President, Abdel-Fattah al-Sisi, approved a state ownership policy that defines the government’s economic presence with an aim to increase the private sector’s role in the economy, the cabinet said in a statement, yesterday.

The president’s approval of the State Ownership Policy Document, “confirms the state’s keenness to allow more room for the private sector to participate in generating economic growth,” Prime Minister, Mostafa Madbouly, was quoted as saying, at the cabinet meeting.

The move is among key demands of the International Monetary Fund (IMF), which has recently approved a loan of three billion U.S. dollars to Egypt, to support the country’s economic and structural reforms.

The IMF’s support package includes measures to be implemented by Egypt, to “reduce the state’s footprint” and “facilitate private-sector-led growth,” in addition to, adopting a permanent shift to a durable exchange rate regime.

Madbouly said that, the new policy seeks to implement the state’s gradual exit from some economic activities, to allow the private sector to increase its presence in those sectors.

He added that, the approved document mainly aims to raise the investment rate to 25-30 percent, thus contributing to boosting the economic growth rate to seven-nine percent.

Egypt has been facing increasing inflation in the past year, driven by rising food and energy prices. The country’s annual urban consumer inflation rate surged to 18.7 percent in Nov, marking the highest in nearly five years.

Source: Nam news Network

UN says 30,000 people displaced in South Sudan amid skirmishes

JUBA— The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) on Thursday said an estimated 30,000 people have been displaced following skirmishes in the Greater Pibor Administrative Area.

Humanitarian Coordinator for South Sudan Sara Beysolow Nyanti said an attack by armed youths from Jonglei State on Dec. 24 on the communities of Greater Pibor Administrative Area resulted in cattle raiding, destruction of properties, and displacement of 5,000 people, including women and children who fled to Pibor town from the conflict areas of Gumuruk and Lekuangole.

Nyanti said in a statement issued in Juba, the capital of South Sudan, that humanitarian partners are providing much-needed assistance to those affected by the violence, adding that the recent skirmishes follow another massive displacement of civilians which was triggered by fighting in mid-November 2022 in Fashoda County, in Upper Nile State.

Nyanti said the ongoing conflict, including violence at the sub-national level, has impacted thousands of people in 2022, leading to displacements, and loss of lives and livelihoods, which have worsened civilian suffering, necessitating the need for lifesaving humanitarian assistance and protection.

“The violence must stop. The whole humanitarian community calls upon all armed elements to immediately cease hostilities, respect international humanitarian law and protect civilians and humanitarian workers. Impunity is a perpetuating factor and root cause of conflict and insecurity. There must be accountability,” Nyanti stressed.

United Nations Children’s Fund Representative in South Sudan Hamida Lasseko expressed grave concern over the escalation of violence, noting that the crisis is overstretching humanitarian operations in the country.

“The ongoing fighting has had an adverse impact on the overstretched humanitarian operations in South Sudan, opening new gaps. This puts additional strain on the humanitarian response and resources. We are forced to prioritize immediate lifesaving needs of the newly displaced population,” Lasseko added.

OCHA has projected that 9.4 million people will need humanitarian assistance and protection, and an estimated 2.8 million people are expected to face physical violence including rape and other forms of gender-based violence and will need protection assistance next year with protracted displacement that has affected more than 2.2 million people unable to return to their homes.

Source: Nam news Network

Mozambique vaccinates 7 mln children against polio

MAPUTO— About 7 million children under five years of age have been vaccinated against polio or poliomyelitis this year in Mozambique, with at least 31 million doses of the vaccine made available, the country’s largest daily paper Jornal Noticias reported.

The country registered at least six cases of poliomyelitis this year, with four of which in the western province of Tete, and the rest in the northern provinces of Nampula and Cabo Delgado, according to the report, citing data from the Ministry of Health.

Suspicious cases were also detected in other parts of the country, including the central province of Sofala, read the report.

The situation led the authorities to intensify active surveillance to detect the cases, as part of the immunization that took place throughout the country, covering children under five years old, the report said.

Mozambique started the polio vaccination campaign in March, as a response to the outbreaks in which one case of wild poliovirus was detected in the neighboring country of Malawi, and two cases of vaccine-derived poliovirus were identified in Nampula and Cabo Delgado.

The vaccination was carried out in six rounds in coordination with neighboring countries, namely Malawi, Zambia, and Zimbabwe, with a view to cutting the disease transmission network, said the report.

Source: Nam news Network

The world needs peace in 2023 – UN General-Secretary

UNITED NATIONS— António Guterres, the United Nations Secretary-General, says the world needs peace in 2023 more than ever.

The Secretary-General in his Annual New Message said every New Year was a moment of rebirth and that in 2023, people must put peace at the heart of their words and actions.

Guterres said in 2022, millions of people around the world literally swept out ashes; saying from Ukraine to Afghanistan to the Democratic Republic of the Congo and beyond, people left the ruins of their homes and lives in search of something better and that around the world, one hundred million people were on the move, fleeing wars, wildfires, droughts, poverty and hunger.

“In 2023, we need peace, now more than ever. Peace with one another, through dialogue to end conflict. Peace with nature and our climate, to build a more sustainable world,” the Secretary-General said.

“Peace in the home, so women and girls can live in dignity and safety. Peace on the streets and in our communities, with the full protection of all human rights. Peace in our places of worship, with respect for each other’s beliefs. And peace online, free from hate speech and abuse.”

“Together, let’s make 2023 a year when peace is restored to our lives, our homes, and our world,” he stated.

Source: Nam news Network