SVG's CBI Revival - What the Deputy PM's Proposal Means
"What if one small island's change of heart could reshape the future of Caribbean citizenship forever?"
That is the question stirring across Saint Vincent and the Grenadines (SVG), a country long known for its resistance to passport-for-sale programs. In December 2025, Major St. Clair Leacock, the Deputy Prime Minister and Minister of National Security and Immigration, signaled a dramatic pivot: he described a carefully managed CBI scheme as a cornerstone of national economic renewal, emphasising transparency, accountability, and job creation for Vincentians.
From opposition to opportunity
For decades, SVG stood apart from its Caribbean peers such as Grenada, Saint Lucia, and Dominica. Efforts to reintroduce CBI were repeatedly blocked by leadership that rejected the notion of selling passports. Now, with a new political climate and the NDP (opposition party) promising implementation, Deputy PM Leacock's public endorsement suggests SVG may soon join the region's CBI fraternity.
What the Deputy PM is proposing
Leacock's remarks reveal a vision beyond quick revenue:
- Robust governance and transparency with oversight by the Ministry of Security, the Attorney General's office, and allied institutions
- Economic renewal through jobs and infrastructure investments funded by CBI receipts
- Learning from peers to ensure invested funds are managed responsibly and visibly
What public opinion says
A May 2025 Sentinel Research Group poll found that 62 percent of Vincentians support introducing a CBI program even though the current government has opposed it. Key findings included:
- 76 percent believe a CBI program could inject revenue, create jobs, and improve public services
- 68 percent do not believe selling citizenship would diminish national identity
In short, there is strong appetite for economic opportunity if it is delivered transparently.
What this could mean for the region
If SVG launches a well-regulated program, the impact could be significant:
- A new entrant in the CBI market, giving investors another option for mobility and diversification
- Catalyst funding for public works, healthcare, education, and climate resilience
- A chance to reset the narrative around CBI programs by proving that rigorous governance can coexist with foreign capital inflows
Challenges not yet solved
The path ahead remains demanding:
- Building robust, transparent institutions to administer the program fairly and safely
- Avoiding pitfalls seen elsewhere, such as over-reliance on real estate or weak links between investments and long-term economic benefits
- Ensuring benefits are shared broadly among Vincentians instead of being captured by elites
Final thought
SVG's potential pivot could mark a turning point not just for the island, but for the broader Caribbean. If handled with integrity and vision, the country could transform foreign investment into sustainable growth and new opportunities for its people. For investors watching regional mobility trends, SVG may become one of the must-watch jurisdictions in 2026.
