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OTs to discuss more flexibility of fiscal frameworks @ next JMC 2023– Premier Wheatley
BAUGHERS BAY, Tortola, VI– Governments of British Overseas Territories (OTs) are looking for more flexibility in fiscal frameworks and accessing financing in order to mitigate risks should a disaster related to climate change strike, according to Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7).
CIBC FirstCaribbean Grenada Bank sold to Grenada Co-op Bank Ltd
BRIDGETOWN, Barbados - FirstCaribbean International Bank Limited and Grenada Co-operative Bank Limited have announced that on May 19, 2023, the sale of FirstCaribbean’s business in Grenada to Grenada Co-operative Bank Limited received approval from the Eastern Caribbean Central Bank.
Governor comes from 'a dead economy' & will only 'sink' VI– Former FS
ROAD TOWN, Tortola, VI - Former Financial Secretary (FS) in the Virgin Islands (VI) Mr L. Allen Wheatley has slammed the United Kingdom (UK) as having a dead economy and yet wanting to impose their economic policies on the VI’s thriving businesses sector through the unelected Governor John J. Rankin, CMG.
Former FS accuses Unity Gov't of playing know-it-alls & refusing help
ROAD TOWN, Tortola, VI– Former Financial Secretary (FS) in the Virgin Islands (VI) Mr L. Allen Wheatley has slammed the Dr Natalio D. Wheatley-led Government of National Unity for what he said is their refusal to take advice from experts in the territory, even as the coalition government navigates the last months in office.
2023 Budget passed to tune of $412M; Now with Governor for assent
DUFF’S BOTTOM, Tortola, VI - The 2023 Budget of the Virgin Islands (VI) has been passed the tune of $412,971,110, at the Ninth Sitting of the Fourth Session of the Fourth House of Assembly on December 21, 2022.
Revenues from money transfers dropped in 2022 compared to 2021– Premier
ROAD TOWN, Tortola, VI – The Government of the Virgin Islands earned less from money transfer revenues in 2022 compared to 2021, according to Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7).
If locals are to benefit from economy, they must be able to fill jobs – Premier
DUFF'S BOTTOM, Tortola, VI - Virgin Islands (VI) Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) says if Virgin Islanders are to truly benefit from local economy, then they must be able to benefit from the job market as well as be able to fill available jobs as production capacity increases.
Focus on tourism doesn't mean less attention on financial services– Premier
ROAD TOWN, Tortola, VI– Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has assured the people of the Virgin Islands (VI) that a focus on tourism does not mean less interest or attention is being placed on financial services.
Inflation in the Virgin Islands
Dickson C. Igwe
Price controls and reducing taxes will not alleviate the inflation burden in the Virgin Islands. Only charity and handouts to the needy will help contain suffering.
Interpath expanding into VI with acquisition of Kalo
ROAD TOWN, Tortola, VI - Interpath Advisory, the independent financial advisory business, today, July 20, 2022, announced the acquisition of Kalo, the restructuring, insolvency, and advisory firm with operations in the [British] Virgin Islands (VI), the Cayman Islands and Anguilla.
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