News
Gov't seeking to make it easier for public servants to access loans
ROAD TOWN, Tortola, VI - Public servants looking to borrow loans from private financial institutions could soon have an easier route where the money comes as part of a framework set-up between the government and the financial institution.
Gov’t $240M in debt; @ brink of borrowing capacity- Claude O. Skelton-Cline
ROAD TOWN, Tortola, VI- It was on the Tuesday May 1, 2018 edition of the Honestly Speaking show, aired on ZBVI 780 AM, that the Leader of the Opposition and First District Representative Honourable Andrew A. Fahie and commentator Claude O. Skelton-Cline shared with listeners their views on the financial position of the Virgin Islands (VI).
PAID AD: Rebuilding a stronger VI together
ROAD TOWN, Tortola, VI- Below is a statement by Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL), delivered on Monday, March 12, 2018.
Cashless in a cash filled world
Dickson Igwe
The western world is overflowing with cash. This is a consequence of quantitative easing, and monetary stimulus, combined with fearful and debt laden consumers. The following story asserts that the [British] Virgin Islands inhabits a paradoxical place. It sits between a UK austerity culture, and a world apparently drowning in cash. But the country cannot access that cash.
‘Your future, children, & children’s children future about to be mortgaged’- Hon Fraser
SEA COWS BAY, Tortola, VI- “Your future, your children’s future and your children’s children future is about to be mortgaged,” stated Third District Representative Hon Julian Fraser RA as he encouraged residents to attend a public meeting at the Valerie O. Thomas Community Centre in Sea Cows Bay, Tortola, this evening, February 21, 2018.
‘It’s a little difficult fixing the graveyards & all the roofs damaged’- Hon Skelton
CANE GARDEN BAY, Tortola, VI- The dead will have to wait a little while longer for their resting places to be fixed as Minister for Health and Social Development Honourable Ronnie W. Skelton (AL) is focused on getting the many damaged homes and apartment buildings repaired before the next hurricane season is upon us.
Willock proposes Citizen by Investment; Lottery as possible revenue streams
ROAD TOWN, Tortola, VI- A young businessman and former senior civil servant has criticised the post hurricanes recovery plan recently released by the National Democratic Party (NDP) for lacking what he terms a critical component- bold new revenue initiatives- but has also come forward with bold solutions to fill that void.
$721M needed for restoration work over next 5 years- Draft Recovery Plan
ROAD TOWN, Tortola, VI – Legislators, entrepreneurs and even the man at the grassroots level continue to ponder how much it would cost for the Virgin Islands (UK) to be returned to some semblance of what it was prior to the devastation it suffered from hurricanes Irma and Maria in September and a tropical wave in August.
$15M to help repair homes - Hon Ronnie W. Skelton
ROAD TOWN, Tortola, VI - Residents of the territory have been given the assurance that the National Democratic Party (NDP) government has monies set aside, $15M, to lend persons in need to repair their homes.
UK questions if VI can repay loans
ROAD TOWN, Tortola, VI - Premier and Minister of Finance, Dr The Honourable D. Orlando Smith (AL), who appeared before the International Development Committee of the House of Commerce in the United Kingdom on Tuesday, October 31, 2017 was grilled by Member of Parliament, Lloyd Russell-Moyle on how the Virgin Islands (VI) intends to repay the loans it is seeking.
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