News
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.
VI made ‘big mistake’ in not accepting UK loan guarantee- Dr Pickering
BAUGHERS BAY, Tortola, VI– Former Deputy Premier Dr Kedrick D. Pickering says it was a big mistake for the Virgin Islands Government to not take up a United Kingdom (UK) £300M loan guarantee offer for hurricane recovery and infrastructure development.
‘We don’t want to sell our soul to borrow’- Premier Wheatley
ROAD TOWN, Tortola, VI- Admitting that the Government of the Virgin Islands is strapped for cash to execute all of its plans and projects and will need to borrow at some point, Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has said it will be done in a responsible manner and not jeopardise the territory.
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.
‘Where would we have been’ had VI signed loan guarantee?'– Hon Rymer
DUFF’S BOTTOM, Tortola, VI - Minister for Transportation, Works and Utilities, Hon Kye M. Rymer (R5) has questioned the would-be status of the Virgin Islands (VI) had the territory taken up the £300M loan guarantee offered by the United Kingdom (UK) following the devastating hurricanes of 2017.
Lord Ahmad admits flaws with UK financing models for small states
ROAD TOWN, Tortola, VI- The United Kingdom (UK) government has finally admitted that there are flaws in its financing models for small states like the [British] Virgin Islands (VI), an issue flagged by the Government of the Virgin Islands Premier, Honourable Andrew A. Fahie (R1), since 2019, in his refusal to access a £300m loan guarantee for recovery and development efforts after Hurricanes Irma and Maria of 2017.
Hon Penn blasted for suggesting VI take £300M UK Loan Guarantee
BAUGHERS BAY, Tortola, VI - Leader of the Opposition Hon Marlon A. Penn (R8) has come under fire for suggesting that the Virgin Islands (VI) should have taken the £300M loan guarantee offered by the United Kingdom (UK), even as the Fahie administration has repeatedly said the loan came with conditions that could have adversely affected the territory.
UK OTs Minister Elizabeth G. Sugg's resignation solves nothing for OTs- Commentator
LONDON, United Kingdom- The United Kingdom (UK) Minister for Overseas Territories (OTs), Baroness Elizabeth G. Sugg on Wednesday, November 25, 2020, resigned from her post amid the UK government’s decision to reduce the amount it will spend on overseas aid in the upcoming year.
'We don’t want to give up our birthrights for a bowl of soup'- Premier Fahie
BAUGHERS BAY, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has fired back at claims that the recovery of the Virgin Islands (VI) post-Irma and Maria of 2017 is moving too slow as insinuated by Governor of the VI, H.E. Augustus J. U. Jaspert during a recent meeting press conference.
Another Christmas in ‘far from ideal conditions’- Gov Jaspert
ROAD TOWN, Tortola, VI- It appears His Excellency Governor Augustus J.U Jaspert is not too impressed by the state of recovery since the 2017 hurricanes destroyed the Virgin Islands.
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