Dominica to use CBI funds to stem unemployment and stimulate economic recovery

In an effort to stem unemployment on the island, the Government of Dominica announced that it will be using Citizenship By Investment (CBI) funds to stimulate economic and social recovery through the Special Employment Programme.

Ambassador Steve Ferrol, Cabinet Secretary of the Government of Dominica, revealed that the “Special Employment Programme” will be an innovative and proactive one that will run for six months in the first instance and lead to the creation of 1100 jobs.

The programme will provide support to both public and private sector agencies that were affected by Hurricane Maria and were unable to maintain staffing quota due to a lack of funds.

With the country continuing its efforts to rebound from the devastating Hurricane Maria, Prime Minister Roosevelt Skerrit highlighted on January 19 that the human element of the country’s recovery efforts was at the core of the decision to stimulate job growth.

“It is the government’s view, while we will be building homes, putting roofs back on our heads, building roads, building river defenses, building schools, we should not lose sight of the human aspect of development…. And therefore we need to ensure that we can maintain the sanity and the dignity of our citizens,” he reasoned.

The initiative is set to come into effect from March 1, and the recruitment of skilled and unskilled workers who were displaced by the hurricane will commence shortly.

Prime Minister Skerrit expressed hope that this prompt action will help offset the decline in morale among household breadwinners who were displaced, as they now have the opportunity to recover and repair their homes.

 

Source: http://cbiu.gov.dm/public-private-sectors-benefit-cbi-funded-special-employment-programme/



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