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December 19th, 2023
Fiscal challenges loom as Gov Bryan pursues $50M credit line for Gov't operations


CHRISTIANSTED, ST. Croix, USVI — USVI Governor Albert Bryan is seeking $50 million from a line of credit to be used for government operations, according to a draft amendment viewed by the Consortium, bringing into focus the fiscal challenges the administration is facing.

September 12th, 2023
Betteto Frett accuses 1FirstBank of predatory lending

ROAD TOWN, Tortola, VI- Local businessman Betteto Frett is accusing 1FirstBank of predatory lending, alleging that the bank attempted to set him up to fail, and wrongfully foreclosed on his properties for monies owed.

August 14th, 2023
Portion of CDB loan to go towards new West End Ferry Terminal Project- VI Gov't

WEST END, Tortola, VI- The Government of the Virgin Islands (GOVI) has received financing from the Caribbean Development Bank (CDB) in an amount equivalent to US$65,291,000, and some will be allocated for the construction of the West End Ferry Terminal.

July 14th, 2023
Local businessman Bettito Frett appeals to public to help save his ‘lifetime investments’

WICKHAM’S CAY 1, Tortola, VI- Faced with the prospect of losing his “lifetime investments” and feeling like he has run out of options, local businessman Bettito Frett has turned to the public for finance assistance, which he has promised to repay.

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.

July 28th, 2022
‘It is time UK get a new loan for reparations’- Hon Julian Fraser RA

ROAD TOWN, Tortola, VI- Leader of Her Majesty’s Loyal Opposition, Honourable Julian Fraser RA (R3) has called for reparations from the United Kingdom (UK) for the descendants of slaves, while noting that this must be captured in the pending reformed Constitution of the Virgin Islands.

July 25th, 2022
Gov’t to take up ‘something like a loan’ for infrastructure works- Premier Wheatley

ROAD TOWN, Tortola, VI– Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) says his coalition government is looking to take up ‘something like a loan’ for more infrastructural works in the Virgin Islands (VI).

December 20th, 2021
‘NDP left over $20M in lawsuits behind!’- Premier tells Opposition Leader

ROAD TOWN, Tortola, VI - Virgin Islands (VI) Premier and Minister for Finance Hon Andrew A. Fahie (R1) has reminded Opposition Leader Hon Marlon A. Penn (R8) that the former National Democratic Party (NDP) left millions in lawsuits behind when they were ousted from office in 2019.

June 20th, 2021
Gov’t refinances Peebles Hospital loan & realises $1.6M in savings

DUFF’S BOTTOM, Tortola, VI – The Government of the Virgin Islands (VI) has refinanced the new Peebles Hospital construction project (Dr. D. Orlando Smith Hospital), by ending a $45M loan agreement with Banco Popular signed in 2009, in favor for a new lower interest loan agreement from Republic Bank.

June 16th, 2020
From COVID-19 - Trials & Tribulations - Racial Inequality

Alred C. Frett

The COVID-19 War is on & the Virus Battle is far from won:

Even as COVID-19 remains a dreadful disease it supports the old saying that the bad wind that blows up the Rooster’s tail also exposes its fine underbelly… For months we have been witnessing a disconnect from reality, a crashing of economies, a fight for equality and a universal lack of leadership… Things have changed more in 6 months than we ever thought possible in 6 years.

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