Chairman of the Citizenship by Investment Unit, Richard Duncan, says Grenada has EC$54.6 million in its contingency fund at the St. Kitts-based Eastern Caribbean Central Bank (ECCB).
The fund reflects the government's deposit of 10 per cent from the monthly inflow of revenue earned through the National Transformation Fund of the Citizenship by Investment programme.
Under the CBI programme, foreign investors are granted citizenship in return for making a substantial investment in the socio-economic development of Grenada.
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