The National Transformation Fund (NTF) option of the Citizenship by Investment (CBI) legislation appears to be the main source of revenue for the Government of Grenada, because the CBI Committee has not approved any new project for the year as of 15 June 2023.
“There was no new project approved or gazetted for the year 2023,” was the response from the CBI Office following the email submission of several questions pertaining to the CBI operations to Thomas Anthony, Chief Executive Officer of the CBI Office.
The 2023 Estimates of Revenue and Estimate, which was presented in December 2022, showed the Government is targeting total revenue of EC$240,461,920 for the year from the CBI programme. There was no breakdown as to the amount targeted through the programme’s 2 options.
