Beautiful Virgin Islands

Sunday, Jul 06, 2025

AD HOC VI  economic advisory council established

AD HOC VI economic advisory council established

As part of the Government of The Virgin Islands’ plans to achieve its vision to be a leading economy through entrepreneurship, innovation, foreign and local investment by 2025, Premier and Minister of Finance Honourable Andrew A. Fahie, in consultation with members of his Cabinet, has made a decision to establish an ad hoc Economic Advisory Council to the Premier (EAC).

Premier Fahie explained, “At this stage in the Territory’s constitutional and economic development, it is in the best interest of the Government and the people that the EAC, a non-constitutional and independent body be established to provide economic advice specifically to the Premier.”

The EAC is expected to highlight key economic issues facing the Territory to the Government of the Virgin Islands from an objective viewpoint.

It will advise the Premier on economic issues including industries, diversification/development of industries, regional and local business opportunities, inflation (e.g. cost of doing business and cost of living), finance and foreign investment, in an effort to ensure that the economy of the Virgin Islands continues in an upward mobility and that the Virgin Islands keeps its competitive advantage regionally and globally.

The Terms of reference as defined by the EAC are as follows:

1. Analysing any issue, economic or otherwise, referred to it by the Premier and advising him thereon;

2. Addressing issues of macroeconomic importance (whether on its own cognisance or on a reference from the Premier) and presenting views thereon to the Premier;

3. Creating sub-committees of the EAC to look at specific economic categories of the economy including but not limited to foreign investment, national strategic planning, social restructuring, digital transformation/innovation and the environment. Each sub-committee of the EAC shall include representation from the sister islands in the various industries as such representation is determined and approved from time to time;

4. Submitting periodic reports to the Premier on macroeconomic developments and issues with implications for economic policy; and

5. Attending to any other task as may be directed by the Premier from time to time.

The members of the Council are as follows:

Chairman

Bishop John I. Cline, Founder And CEO, Infinite Solutions (Chair)


The following are the inaugural members of the EAC:

Ms. Patricia Romney, Director of Operations, ROMASCO Group (Deputy Chair)

Mr. Peter Tarn, Chairman, Harneys

Mr. Shan Mohammed, Managing Director, Nagico Insurances BVI

Mr. Sjoerd Koster, General Manager, VP Bank

Ms. Lorna Christopher, Manager, Maria’s by the Sea

Mr. Andrew Ball, BVI Marine Association Chair

Mr. Lawrence Wheatley, Owner/Manager, Anegada Reef Hotel

Mr. Meade Malone, Managing Director, MWM Global Holdings

Mr. St. Clair Flemming, Owner/CEO, P3 Paper Plastic Products

Youth Representative

Ms. Tatiana Fahie

Secretariat

Mr. Claude Skelton-Cline

Mr. David Norris

The primary role of the ad hoc EAC is to provide an objective viewpoint on economic policy matters that are referred to it by the Premier of the Virgin Islands. Additionally, the EAC will prepare periodic reports of economic developments that need to be brought to the attention of the Premier.

Hence, the EAC will closely monitor national and international economic developments and trends and will develop appropriate policy responses and points of action for the Premier. It may also publish annual reports on the economic standing and outlook of the Virgin Islands as well as general reviews on the economy of the Virgin Islands.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
×