Opinion | What Nepal can learn from St Kitts and Nevis
Summary
St Kitts and Nevis transformed its economy through innovative investment policies and citizenship by investment programs, offering lessons for Nepal to diversify foreign direct investment, improve governance, and foster sustainable economic growth.
Key Points
- St Kitts and Nevis transformed its economy from a debt-ridden state to a high-income country by leveraging citizenship by investment programs and strong institutional frameworks.
- Nepal remains reliant on remittances and foreign aid despite abundant natural resources and strategic location, with infrastructural and regulatory challenges hindering growth.
- Nepal can learn from the citizenship and residency investment models of countries like St Kitts and Nevis, Canada, and Portugal to attract diversified foreign direct investment.
- Ensuring transparency, accountability, and directing investment into productive sectors are vital for Nepal to achieve sustainable economic transformation and inclusive prosperity.
