Beautiful Virgin Islands

Wednesday, Sep 03, 2025

BVI loses access to EU funding

BVI loses access to EU funding

The BVI and other British Overseas Territories will no longer have access to any future funding for sustainable development from the European Union as the UK’s Brexit deal took effect on January 1, 2021.

According to a statement from Premier Andrew Fahie, the BVI “has long enjoyed a politically beneficial relationship with the European Union through our Associate Status as one of the Overseas Countries and Territories (OCTs) directly associated with the bloc”.

Through this relationship the BVI was able to gain funds from the European Development Fund and other initiatives to tackle climate change, marine biodiversity and pursue renewable energy goals.

Premier Fahie said these benefits have now stopped although existing projects made under these agreements will continue.

Replacing EU with UN


Premier Fahie said the BVI government is currently strengthening ties with the United Nations amid the fallout from Brexit.

“In terms of the replacement of EU funding, we have taken steps to strengthen relations and cooperation with the United Nations to advance the sustainable development of the territory.”

He said the BVI signed a Memorandum of Understanding was signed on November 2, 2020, with the United Nations Assistant Secretary-General, Luis Felipe Lopez-Calva, to deepen the level of cooperation with the United Nations Development Program (UNDP).

The Premier said this deepened cooperation will assist the territory with the implementation of a National Sustainable Development Plan toward the achievement of the Sustainable Development Goals (SDGs) by 2030.

“With the support and partnership of the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC), the territory is already in the process of advancing a National Sustainable Development Plan,” Fahie said.

“In addition, UN ECLAC has also agreed to co-chair a summit with the Virgin Islands of the regional commission’s 14 Associate Member Countries (AMCs) in 2021 that will focus on addressing the assistance gap to the AMCs as they strive to meet UN’s 17 Sustainable Development Goals,” Premier Fahie further explained.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Pickles are the latest craze among Generation Z in the United States.
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
WhatsApp is rolling out a feature that looks a lot like Telegram.
Investigations Reveal Rise in ‘Sex-for-Rent’ Listings Across Canada Exploiting Vulnerable Tenants
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
×