CIP-Funds, Venezuelan Govt. to Fund New Homes in Dominica

The government of Dominica has commissioned the construction of 62 housing units in Grand Bay for people who lost their homes during last year’s hurricane season. The money will come from the country’s citizenship by investment program, as well as the government of Venezuela.

Eleven local contractors have been tasked with the construction of the homes, the first in a series of construction projects aimed at re-housing at least 1,000 Dominicans. In total, 200 residential units are to be constructed in the Grand Bay area, said Prime Minister Roosevelt Skerrit during a press conference, according to a government press release.

Skerrit also expressed his gratitude toward the government of Venezuela, who will take part in the financing.

“The government and people of Venezuela have committed these funds notwithstanding their own economic challenges and that speaks to true friendship, and it speaks to true solidarity,” the Prime Minister said. “Every one of us in Dominica must show eternal gratitude to the government and people of Venezuela.”

Already, Skerrit’s administration has spent some US$1.4 million on rehousing in the Grand Bay constituency and has committed itself to allocate another US$2.3 million to the purpose. 

In an interview with Investment Migration Insider earlier this year, Prime Minister Skerrit said his country’s citizenship by investment program has been “literally, a lifesaver” in the wake of the hurricanes.

Quick take:

The indifference with which Dominica is accepting money stolen from a starving population by an evil (yes, evil) regime is disconcerting.

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