Financial Economist Dr. Thomson Fontaine warns of problems with the Citizenship by Investment program that affected government revenues and health services, & forced the withdrawal from hosting T20 Cricket World Cup.
UWP Team Dominica Leader and Financial Economist Dr. Thomson Fontaine, is concerned about Dominica's vulnerable circumstances, and specifically pointed out the difficulties facing Dominica’s Citizenship by Investment program. He noted that the (CBI) program which is a significant source of government revenue, is under increasing pressure, with other nations in the Caribbean example St. Kitts experiencing adverse effects due to visa restrictions on Dominica. Fontaine anticipates repercussions on government services, including the payment of workers and the potential deterioration of crucial sectors like health and education, as the CBI program faces challenges.
Dr. Fontaine highlighted the recent withdrawal of Dominica from hosting four test cricket matches due to the inability to allocate the required funds to for facilitate the preparation of the facilities at the sports Stadium. He suggests this incident reflects broader issues within the country, emphasizing the challenges arising from misappropriation of resources and a lack of accountability. Dr. Fontaine further contends that the leadership provided by Prime Minister Skerrit, whom he perceives as fatigued and lacking the required wisdom and guidance, is contributing to the overall difficulties faced by the country.
Dr. Thomson Fontaine, Financial Economist and Leader of the United Workers Party (UWP) Team Dominica.
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