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VI & other territories pledge to work together @OT Finance Ministers meeting

- Discussion included on recent developments on international tax reform & shifts in global financial system & world economy
The [British] Virgin Islands (VI) delegation to the virtual meeting of Overseas Territories' Finance Ministers was led by Premier and Minister of Finance Honourable Andrew A. Fahie (R1), who pledged to continue to work closely with his colleagues from the Overseas Territories. Photo: GIS/File
Among other things, Finance Ministers and Government officials discussed recent developments on international tax reform and broader shifts in the global financial system and world economy. Photo: Internet Source
Among other things, Finance Ministers and Government officials discussed recent developments on international tax reform and broader shifts in the global financial system and world economy. Photo: Internet Source
ROAD TOWN, Tortola, VI- The importance of working together as jurisdictions on issues of “critical importance”, including financial issues, was highlighted at a virtual meeting of Overseas Territories (OT) Finance Ministers on July 26, 2021.

The [British] Virgin Islands (VI) delegation was led by Premier and Minister of Finance Honourable Andrew A. Fahie (R1), who pledged to continue to work closely with his colleagues from the Overseas Territories.

Among other things, Finance Ministers and Government officials discussed recent developments on international tax reform and broader shifts in the global financial system and world economy.

“They also highlighted the importance of the OTs working closely together as jurisdictions on issues of critical importance,” a press release from the Government of the Virgin Islands on July 28, 2021, stated.

Meeting demonstrated solidarity as OTs- Premier Fahie

Speaking on the outcome of the OT Finance Ministers meeting, Premier Fahie said, “Our meeting was very constructive and demonstrated our solidarity as OTs. It is in the interest of the BVI and other territories to cooperate as the international environment in which our jurisdictions operate continues to change. We can benefit from each other’s strengths. My Administration will remain engaged with our OT colleagues with whom we enjoy a good working relationship.”

The OTs represented at the virtual meeting were Anguilla, Bermuda, BVI, Cayman Islands, Falkland Islands, Gibraltar, Montserrat, Turks and Caicos Islands and Saint Helena.

Premier Fahie was joined by Financial Secretary Mr Jeremiah Frett, Executive Director of International Business Mrs Lisa Penn-Lettsome, Director of the International Affairs Secretariat Ms Najan Christopher, Director of the BVI London Office Ms Tracy Bradshaw, Assistant Secretary for External Affairs Ms Dwynel Davis and Special Envoy of the Premier Mr E. Benito Wheatley.

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