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As pandemic impacts economies globally was VI smart to not take UK Loan Guarantee?
ROAD TOWN, Tortola, VI- Even while some, for political reasons, have stated that the Government of the Virgin Islands should have ignored all the risks and red flags and go ahead and accept the £300M Loan Guarantee offer from the United Kingdom (UK) following the destructive hurricanes of 2017, statistics are now showing it may have done the right thing as inflation rises worldwide and economies continue to feel the impact of the pandemic.
Young man in court for defaulting on CIBC FirstCaribbean Intl Bank loans
ROAD TOWN, Tortola, VI – A young man received a strong reprimand from Magistrate Ayana Baptiste-DaBreo about hanging his hat where his hand can't reach, as he is now in a pickle to repay loans taken from CIBC FirstCaribbean International Bank in the amount of over $7,000.
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