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VI economy ‘constantly & consistently progressing with recovery’- Premier

- said 2022 poised to be a year of hope, opportunity & resurgence for VI
Cruise arrivals, day-trippers, overnight visitors, yachts and charter visitors, are all on the rise, notwithstanding the pandemic, Premier and Minister of Finance Hon Andrew A. Fahie (R1) has said. Photo: Facebook/File
Over the past several months, the Virgin Islands economy has been constantly and consistently progressing with recovery, through the policies and management strategies of Government and through the cooperation of all stakeholders in the public and private sectors, an optimistic Premier and Minister of Finance Hon Andrew A. Fahie (R1) related to the territory as part of his New Year’s message on January 1, 2022. Photo: GIS/File
Over the past several months, the Virgin Islands economy has been constantly and consistently progressing with recovery, through the policies and management strategies of Government and through the cooperation of all stakeholders in the public and private sectors, an optimistic Premier and Minister of Finance Hon Andrew A. Fahie (R1) related to the territory as part of his New Year’s message on January 1, 2022. Photo: GIS/File
ROAD TOWN, Tortola, VI- Devastated by the hurricanes of 2017 and then severely impacted by the global coronavirus pandemic, the ever-resilient Virgin Islands may have been battered with blows but has not gone down for the count. In fact, like ‘Rocky’, it is fighting its way back with grit and steely determination.

“Over the past several months, the Virgin Islands economy has been constantly and consistently progressing with recovery, through the policies and management strategies of your Government and through the cooperation of all stakeholders in the public and private sectors,” an optimistic Premier and Minister of Finance Hon Andrew A. Fahie (R1) related to the territory as part of his New Year’s message on January 1, 2022.

Tourism on the rebound

One of the sectors that has taken a pummeling since 2017 is tourism; however, its revival is being witnessed, despite the ongoing pandemic that brought tourism to a screeching halt during the onset of the pandemic.

“Our tourism industry, which remains in high demand, has been seeing increasing numbers of visitor arrivals. Cruise arrivals, day-trippers, overnight visitors, yachts and charter visitors, are all on the rise, notwithstanding the pandemic. Air travel to Tortola, Virgin Gorda and Anegada is now more convenient and accessible.

“All of this spells good news for our accommodation properties, taxi and tour operators, restaurants and bars, and vendors, Government revenues – and for the wider economy. To God be the Glory,” Premier Fahie stated.

He said the positive trends in tourism are expected to continue, once the territory remains vigilant and continue to maintain the Virgin Islands’ profile as a safe destination.

Stimulating the economy

The Leader of Government Business also said his Virgin Islands Party (VIP) government has pushed forward with a number of large and small projects to stimulate economic activity, support local businesses, improve infrastructure, contribute to job creation and improve and expand service delivery for the VI people.

“A lot has been done and more work will continue,” the Premier assured.

Hon Fahie also reminded that the New Year, 2022, meets us with a new Budget in place to support continued economic recovery and growth.

Opportunities from new industries

He said many more projects and programmes are already lined up for implementation, with others in advanced stages of preparation.

“Opportunities from new industries such as the Gaming and Betting industry are around the corner. Your Government intends to work even more closely with the private sector to discover and launch further opportunities. The Digital Economy and Green Energy sectors are two of the top priority areas, as we continue working to further strengthen our resilience through diversification.

According to the Premier, in short, 2022 is poised to be a year of hope, opportunity and resurgence for the Virgin Islands, “and we ask God to keep it so.”

9 Responses to “VI economy ‘constantly & consistently progressing with recovery’- Premier”

  • question is (02/01/2022, 10:29) Like (14) Dislike (57) Reply
    WHEREEEE? MAYBE FOR A SELECT FEW?
    • @question is (02/01/2022, 22:15) Like (18) Dislike (4) Reply
      Stop being negative. More and more people are seeing and feeling the positive turn around of the economy. The Government must be commended.
  • @ QUESTION IS (02/01/2022, 11:05) Like (8) Dislike (1) Reply
    HE JUST TRYING TO MAKE IT SOUND GOOD / JUST ANOTHER EPISODE OF POLYTRICKS AND GIMMICKS AS USUAL
  • Norris Turnbull (02/01/2022, 11:51) Like (9) Dislike (9) Reply
    Tired of hearing about past hurricanes. People need work.
  • Native Senior Citizen of the British Viirgin Islands. (02/01/2022, 12:34) Like (5) Dislike (0) Reply
    True the 2017 hurricanes, and the Covid-19 virus pandemic have caused the BVI great setback. True the Vi economy is making some forward movement, but only certain groups, and selected persons are doing well due to undemocratic practices by our political leaders, and other reasons. This is a fact. In other words the door of wealth has not being open to all our citizens. This is a fact. The past and present government administrations are guilty in one way or the other. This is a fact not known by all our citizens, and some don't to know. This also is a fact. Confidence in the flesh is like being onboard a leaky ship with turned sails, and a brokened rudder. Confidence in politiians promises not much different for many.

  • Youth (02/01/2022, 22:13) Like (12) Dislike (2) Reply
    I am glad the economy is starting to turn around.
  • facts (02/01/2022, 22:17) Like (6) Dislike (3) Reply
    As a young person in the charter boat industry I am doing good since the economy is now booming. Premier don't mind the few haters blogging ignorance all day under different names.
  • My girl (02/01/2022, 22:27) Like (3) Dislike (1) Reply
    Vip is still the best hope
  • Progress (03/01/2022, 12:33) Like (1) Dislike (0) Reply
    Anyone who failed to acknowledge the efforts of the VIP Government to bring back the economy is just a hater. Look around and see for yourself. Construction is booming. Cruise Ships are back in numbers. Yachts are back on the sea in numbers. Mega Yachts are back in record numbers. Taxi men are doing more tours. Hotels and guest homes are fillled. Increased flights to Beef Island. VG airport is opened and doing well. Lobster fest on Anegada is back and a success. Foxy's New Year's Party a success. Locals prospering in the charter boat industry due to the new policies of government. The list is endless to show to all that the VIP Government has brought back the economy since covid.


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