News
Hundreds of millions needed for recovery projects in VI- Premier Wheatley
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has said hundreds of millions of dollars are needed to fund hurricane recovery and development projects in the [British] Virgin Islands and he is seeking the United Kingdom’s support in getting the necessary loans.
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).
VI must 'sit around table with UK' on borrowing money– Hon Penn
FAT HOGS BAY, Tortola, VI - Leader of the National Democratic Party (NDP) Hon Marlon A. Penn (R8) has indicated that should the National Democratic Party (NDP) be elected into office, his team will be seeking to borrow money at better terms to build the local economy.
$300M loan forgiveness is huge burden lifted off USVI- Gov Bryan
VI CONSORTIUM
FREDERIKSTED, St Croix, USVI- Governor Albert A. Bryan Jr on Friday, October 1, 2021, told the Consortium that the $300 million community disaster loan forgiveness that recently was approved by Congress relieves the territory of a huge burden while opening the door for opportunities in the bond market.
VI Hurricane Recovery Framework for next 'convenient' HoA Sitting
ROAD TOWN, Tortola, VI - The Virgin Islands Cabinet, having established a Borrowing Committee to oversee loans taken under the United Kingdom (UK) Loan Guarantee, will be moving to make public the territory's revised Recovery to Development Plan for 2019-2023, which will serve as the framework to guide the territory’s recovery to development.
‘Gov’t borrowing to pay recurrent bills; Not a good place to be’- Skelton-Cline
ROAD TOWN, Tortola, VI- Two days before the 2018 Budget debate there was a bombshell dropped on the talk show Honestly Speaking hosted by Claude O. Skelton-Cline on Tuesday April 24, 2018 on ZBVI 780 AM.
Borrow for boom or bust?
Dickson Igwe
The recent ten to two vote in the Virgin Islands Legislature allowing for the establishment of the Disaster Recover Agency, is a vote for transparent, accountable, equitable, measured and well audited governance.
‘Too many lies from Premier Smith’- Hon Fraser
ROAD TOWN, Tortola, VI- After many legislators, including Leader of the Opposition Honourable Andrew A. Fahie (R1), had initially opposed the Bill ‘Virgin Islands Recovery and Development Agency Act 2018’ but then voted ‘yes’ to the bill following amendments, many wondered why Opposition Member and Third District Representative Hon Julian Fraser RA held his initial position and voted ‘no’.
Borrow from home or abroad?
Dickson Igwe
Governments, even micro administrations of tiny jurisdictions, have the ability to raise finance, to an exponentially greater degree than individuals and small businesses.
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.
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