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February 7th, 2023
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.

August 9th, 2022
UK Loan Guarantee now a 'lost opportunity' for VI- Premier Wheatley

ROAD TOWN, Tortola, VI– Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) has referenced the proposed £300M loan guarantee for hurricane recovery and development by the United Kingdom (UK) as a lost opportunity.

February 26th, 2020
Premier ‘optimistic’ UK’s loan guarantee offer will work out

ROAD TOWN, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) said he is keeping hope alive that the United Kingdom’s offer to be a loan guarantor for the Virgin Islands for hurricane recovery and development will work out.

November 4th, 2019
VI & UK having ‘good discussions’ on Recovery & Development Plan- Gov Jaspert

ROAD TOWN, Tortola, VI- With officials of the Virgin Islands and United Kingdom still in discussion over the Recovery and Development Plan submitted by the Government of the Virgin Islands to the United Kingdom (UK) as part of its request to draw down on the £300 UK Loan Guarantee, Governor Augustus J.U. Jaspert said the teams have been having “good discussions” so far with the hope of concluding shortly.

October 31st, 2019
'You could end up with nothing'- Hon Fraser tells Premier Fahie

ROAD TOWN, Tortola, VI - "You could end up with nothing," was a warning from Third District Representative, Hon Julian Fraser RA (R3) to Premier and Minister of Finance, Hon Andrew A. Fahie (R1) over the possible outcome of the Virgin Islands/UK Loan Guarantee negotiations regarding adjustments to the stipulations of the loans.

October 10th, 2019
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.

September 18th, 2019
'Sign that document, borrow the money & lets get on with it'- Hon Vanterpool

MEYERS ESTATE, Tortola, VI - Even as Premier and Minister of Finance, Hon Andrew A. Fahie (R1) in a press conference yesterday afternoon, September 17, 2019, had called his trip to the UK a success on behalf of the territory, Opposition Member Mark H. Vanterpool (R4) is still pushing for the UK Loan Guarantee agreement to be signed as is, so that the territory can move forward with its rebuilding.

September 17th, 2019
'VI never defaulted on loans'- Hon Fraser on UK Loan Guarantee

SEA COWS BAY, Tortola, VI - With Opposition meetings on the United Kingdom/Virgin Islands relations and the UK Loan Guarantee continuing tonight September 17, 2019, in the Cane Garden Bay community, Opposition Leader Hon Marlon A. Penn (R8) is calling for the territory to take the loans, arguing that BREXIT is yet another factor that remains a concern for the territory.

September 16th, 2019
'Let us come together & focus on development'- Hon Turnbull

EAST END, Tortola, VI - Opposition Member and Second District Representative, Hon Melvin M. Turnbull aka 'Mitch', in accusing the current and former administrations of acting in contravention to the law regarding the functions of the Recovery and Development Agency (RDA), has urged the Hon Andrew A. Fahie (R1) led Government to focus on the development of the territory instead of the politics surrounding the stipulations of the United Kingdom (UK) Loan Guarantee.

September 13th, 2019
'We are wasting alot of time'- Hon Vanterpool on VI recovery

SEA COWS BAY, Tortola, VI - Fourth District Representative Hon Mark H. Vanterpool says it is concerning that two years has elapsed since the passage of hurricanes Irma and Maria, yet the territory is still short of executing its full recovery efforts.

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