Latest / IMI Podcasts / Solomon Islands Says CBI “a Long Way Off” and Rejects “Commercializing” Citizenship

Transcript

Solomon Islands Says CBI “a Long Way Off” and Rejects “Commercializing” Citizenship · IMI Podcasts

• 0:00
  SPEAKER_00: In an official statement, the Government for National Unity and Transformation, also known as GENAT, of Solomon Islands, has firmly asserted its sovereignty over citizenship matters, emphasizing that any potential citizenship by investment program will not compromise national dignity.
• 0:16
  SPEAKER_00: McFadayan Araunasaka, Chief of Staff and Head of Policy at the Prime Minister's office, stated unequivocally that citizenship is a sacred bond between an individual and our nation that will never be commercialized in ways that undermine sovereignty or national identity.
• 0:32
  SPEAKER_00: GNUT has observed with concern attempts by foreign agencies to exert influence over the potential program.
• 0:38
  SPEAKER_00: The government strongly rejects any arrangement that compromises national sovereignty or cedes control of Solomon Island's citizenship to foreign interests, according to the statement.
• 0:49
  SPEAKER_00: According to RNZ, officials confirmed that the government continues to develop the necessary legislative, regulatory, and operational frameworks, which are still a long way from being complete.
• 1:00
  SPEAKER_00: The government categorically declared unauthorized advertisements suggesting the program operates as false and fraudulent.
• 1:07
  SPEAKER_00: The administration warned individuals and organizations to disregard any unauthorized solicitations related to Solomon Island citizenship investment, threatening legal action against parties misusing the country's name for fraudulent activities.
• 1:22
  SPEAKER_00: While acknowledging economic potential in a well-managed program, the government emphasized that any partnerships with external agents would remain tightly regulated, transparent, and entirely on Solomon Island's terms.
• 1:35
  SPEAKER_00: The statement follows Prime Minister Jeremiah Minell's September announcement that his government completed a first draft of the Citizenship by Investment Bill, now undergoing peer review at the Attorney General's chambers.
• 1:47
  SPEAKER_00: The administration identified the initiative as a priority in its 100-day plan, aiming to attract foreign investment and stimulate economic growth.
• 1:56
  SPEAKER_00: GNOT officials analyze experiences from other jurisdictions, particularly neighboring Vanuatu, to ensure any future program aligns with constitutional principles while remaining mindful of international concerns.
• 2:09
  SPEAKER_00: The government characterized some Western criticisms of citizenship investment programs as unfair and obstructive to the development aspirations of small economies like the Solomon Islands.
• 2:20
  SPEAKER_00: Officials maintain that if the government proceeds with the program, it would prioritize rigorous due diligence, transparency, robust regulation, and above all, the preservation of the Solomon Islands' sovereignty and national pride.
• 2:36
  SPEAKER_00: This episode first appeared as an article by Amada Bas on IMIDaily.com.
• 2:42
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• 2:48
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