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Small parts of Economic Response Plan already in motion- Premier Fahie

- said Phase 2 of plan, which include businesses, local spending & savings, will be shared May 28, 2020
With Phase One of the Economic Response Plan announced and parts of the plan already being executed, Government will now share Phase Two on May 28, 2020. Phase Two will focus on businesses and much local spending and savings, according to Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) in a statement today, May 18, 2020. Photo: VINO/File
The United Kingdom, while refusing to provide financial support to the Virgin Islands, its Overseas Territory, has also refused to budge on the Protocols for Effective Financial Management, which affects the Virgin Islands borrowing capabilities. Photo: SBS
The United Kingdom, while refusing to provide financial support to the Virgin Islands, its Overseas Territory, has also refused to budge on the Protocols for Effective Financial Management, which affects the Virgin Islands borrowing capabilities. Photo: SBS
Even as Government has announced it will be meeting this week to 'firm up' the economic response plan that has already been approved in principle by Cabinet, 'with some tedious details being worked out,' parts of the plan have already been revealed to the public and some are already visibly in motion. Photo: VINO/File
Even as Government has announced it will be meeting this week to 'firm up' the economic response plan that has already been approved in principle by Cabinet, 'with some tedious details being worked out,' parts of the plan have already been revealed to the public and some are already visibly in motion. Photo: VINO/File
ROAD TOWN, Tortola, VI- Even as Government has announced it will be meeting this week to "firm up" the economic response plan that has already been approved in principle by Cabinet, “with some tedious details being worked out,” parts of the plan have already been revealed to the public and some are already visibly in motion.

Intentional approach

This phased approach is an intentional one by the Andrew A. Fahie (R1)-led Government since “no one has the playbook” on recovering economically from COVID-19 and it is keen not to make the mistakes of the National Democratic Party (NDP) Government following the devastating hurricanes of September 2017.

“Already, we have been announcing and executing part of the Economic response recovery, which is phase one. We will now share phase two on May 28 which focuses on businesses and much local spending and savings,” Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) disclosed in a statement today, May 18, 2020.

Phase One

He said Phase one of the economic response plan is focused on equipping students and teachers who are in need of equipment to be functional in online learning, which has now become the “new regular”.

Cabinet recently announced it has decided that Infinite Solutions be awarded a contract for the supply of 500 laptops in the amount of $138,800 to facilitate online education.

Additionally, Government has waived the stamp duty on the sale or transfer of property to Belongers.

“We recognise the need to ease some of the financial burden of those of our people who would be in a position to purchase property during this COVID-19 era in a manner that encourages the properties to remain in local hands.”

A Fishing and Farmers stimulus of $2M has also been approved by Cabinet.

“We have the free water and free water delivery to Water and Sewerage Customers who have interruption in services from the Government's water distribution systems until June 1;

“We have the House to House Garbage Collection and recycling initiative, valuing about $800,000,” Premier Fahie listed.

No ‘Band-Aid, quick-fix solution’

He said those decisions have been made in the best interest of the people, and Government will continue to do so, including in a carefully calculated manner, despite a handful of critics wanting to see a full-fledged plan and more haste exercised.

“I am not going to let anyone rush this Government into a Band-Aid, quick-fix solution,” Premier Fahie has responded to those critics, adding that “We have to learn from the mistakes of the previous Government in 2017 following the hurricanes, so that history does not repeat itself and we DO NOT compromise the future advancement of our people and this Territory.

“So I am not worried about those who are saying bring a plan now! The point is, as you can see, small parts of the plan are already in motion, and even though we have the financial protocols to contend with, we are pushing forward for the people.”

The Protocols for Effective Financial Management remains a stumbling block for the Virgin Islands as it seeks to recover and develop since the hurricanes of 2017. The United Kingdom, while refusing to provide financial support to its Overseas Territory, has also refused to budge on the protocols, which affects the Virgin Islands borrowing capabilities.

This has also effectively prevented Government from rolling out a full-fledged plan, a plan that would end up meaning nothing if there is no money to put it into action.

Premier Fahie has reiterated that he is not going to put this Territory and its people in a compromising position “where we roll out a red carpet and then find ourselves in a position that we cannot get out of, where others would now be policing us,” but rather Government will remain laser-focused and steadfast in purpose and diligent in action.

“We will get through this together.”

22 Responses to “Small parts of Economic Response Plan already in motion- Premier Fahie”

  • lord o. (18/05/2020, 07:11) Like (21) Dislike (1) Reply
    Ok.. Sounds Good.. How can i apply online..
    • Oh Boy.. (18/05/2020, 07:40) Like (7) Dislike (0) Reply
      Is the information online as to who is qualified and the process of applying
  • Observe (18/05/2020, 07:57) Like (24) Dislike (7) Reply
    Mr premier take your time and I believe the majority of us don't want others to police us and we see actually what you talking about we are a God fearing country and people he will not give more than we can bare . People pray and not fuse be not like the Israelites .
    • @Observe (18/05/2020, 08:27) Like (37) Dislike (9) Reply
      You are so correct because there are those who want to bring the UK military in here to try to take over and turn here into a POLICE STATE where locals would not dare say anything other than what the UK representative wants said. People wake up and let's stick with the Premier.
    • @Observer..Relax (18/05/2020, 09:07) Like (1) Dislike (1) Reply
      Premier is doing fine.. Why aren't prayers working? If we are a Christian society how come the Devil over powering we.. have we lock down.. out of work, wearing mask to stifle us. Cant fellowship.? .. Christians if you ask me are weak weak.. in their faith This a test of their faith and they have failed..Isnt your Jesus said that he came to fight Spiritual wickedness in high n low places.. It cant get more spiritually wicked than this...
  • facts (18/05/2020, 08:07) Like (21) Dislike (1) Reply
    this is good news means the VIP ah work and the Premier is in control of his government
  • Youth (18/05/2020, 08:11) Like (25) Dislike (2) Reply
    Fahie do not let these people make you bankrupt the country because some of them greedy.
  • True (18/05/2020, 08:14) Like (6) Dislike (1) Reply
    another 10 days thats over 2 months my place has been closed without making a cent, electric bill and my suppliers had to be paid as I ordered everything for Spring Break &bEaster, yes its been that long.

    My employees are leaving the island and even when/if we reopen we will not be able to handle to volume as we do not have any staff.
    • okay (18/05/2020, 09:05) Like (1) Dislike (0) Reply
      I am willing to work for you if given a chance and I do not require a work permit.
    • Observe (18/05/2020, 09:12) Like (2) Dislike (1) Reply
      Let's be thankful that we are still alive to have a business everything takes time it's better for us to be safe than sorry .
  • bvi (18/05/2020, 08:31) Like (18) Dislike (4) Reply
    Be watchful what we are doing because there are those who are trying to push us to make a mistake so they can try to take us over like what they were on the road to do until the VIP took office but this does not mean that they have stop trying. Let's Pray and work hard to make sure they do not succeed. The NDP left us wounded but with VIP we have hope.
    • no mercy (18/05/2020, 09:12) Like (14) Dislike (2) Reply
      Seems to me that those who are doing well have no mercy for those who are not.. Thats a Christian society for you. ..The Premier has a heart off mercy and empathy..
  • be careful (18/05/2020, 08:39) Like (12) Dislike (1) Reply
    Minister of Finance please be careful because other countries that rush and gave nice looking economic stimulus for this virus is now either bankrupt or on the road to being bankrupt. Let's be careful.
  • wise up people! (18/05/2020, 08:58) Like (24) Dislike (3) Reply
    Love him or hate him Fahie is doing the right thing as we don't know what the hurricane season will bring while Little Marlon P is trying to make mischief
  • 2020 (18/05/2020, 09:17) Like (5) Dislike (7) Reply
    Garbage collection $800k for 2 months or, $4.8M per annum. Better I get a job collecting garbage
  • BS (18/05/2020, 09:21) Like (7) Dislike (0) Reply
    $4.8M annually to collect garbage and only $2M for fishing and farming. What a thing.

    Don't waste no more time going college.
  • Garbage (18/05/2020, 09:49) Like (4) Dislike (0) Reply
    The garbage collection stopped in parts of Sea Cows Bay on Monday 27 April 3 weeks ago. Why?
  • PHONICS (18/05/2020, 12:06) Like (18) Dislike (6) Reply
    jump high jump low VIP will win again in 2023 NDP brand dead dead dead and Marlon is no leader
  • Grateful (18/05/2020, 14:31) Like (3) Dislike (2) Reply
    Not that my opinion matters bc I am what most would consider an outsider due to me being a US citizen. However, I would like to at least express how grateful I am to be here n not home. It is impressive what the BVI has managed pull off as far as the covid19. The Premier not having the experts at his finger tips advising him every step of the way is even more impressive. I know that I am going to have to return home before to long, but like I said... I am GRATEFUL for all that the BVI Government has done. I am healthy, alive n covid19 free. I guarantee you had I been home, I would NOT be one of the three I just mentioned.
  • Local (18/05/2020, 15:09) Like (0) Dislike (3) Reply
    I trust that the same set of expats that got help during 2017 disaster is not on the social development helping list 2020. Words on the street is same expats got help during the passing of the storms 2017 are the same persons getting help because of the pandemic while the locals are being push around for assistants. Not Good! please look into this.
  • concerned citizen (20/05/2020, 09:07) Like (0) Dislike (0) Reply
    In order to acquire the stimulus plan there should be an application process. Not just hand it by word of mouth. It should be given to single parents or families who have lost their jobs. etc


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