Beautiful Virgin Islands

Tuesday, Jul 22, 2025

BVI/UK engagement ‘dramatically reduced’ since VIP took office — Director of UK OTs

BVI/UK engagement ‘dramatically reduced’ since VIP took office — Director of UK OTs

Director of the British Overseas Territories (OT’s) Ben Merrick said ties between the British Virgin Islands and the United Kingdom have weakened since the Andrew Fahie-led administration took office in February. This was expressed via a public letter addressed to Premier Fahie on September 2.

The director said: “It is disappointing that engagement from BVI reduced dramatically after your election six months ago, including the cancellation of your visit to London in May, which would have included meetings with Her Majesty’s Treasury ministers and Lord [Tariq] Ahmad to discuss this very issue (UK loan guarantee).”

“I had wanted my Head of Economics to discuss this with your Financial Secretary during our visit to BVI in June but this offer was regrettably not taken up. However, I am pleased to hear that this is now being prioritised by your government,” Merrick added.

Misleading information from government

Merrick also said the present government is not being entirely truthful with the public on certain matters.

The director said he was pleased government had public consultations on the UK government’s loan guarantee offer but said he was “surprised” at some of the comments Premier Fahie made at those meetings.

 “I am concerned that your statement regarding the specific detail of the UK government’s offer runs the risk of being interpreted as misleading. I know that these points have previously been clarified to you and your officials, and hope that the Governor’s statement and the letter from the Economic Secretary to the Treasury on August 21, 2019, have assisted,” Merrick said.

One such ‘misleading’ statement Merrick pointed out was that the UK is demanding BVI ‘hand over almost full control of the management of the territory’s finances to the RDA’.

“The British Virgin Islands Government is responsible for public finances, upholding the principles of sound public financial management. It is BVI’s RDA, implementing BVI’s Recovery to Development Plan. The British Virgin Islands Government sets the priorities. This model is internationally recognised as the most efficient way to implement recovery at pace and is replicated in other Caribbean countries facing similar recovery challenges,” he said while responding to the Premier’s comment.

No changes

Merrick also reiterated Governor Augustus Jaspert’s recent statements that there has been no change to the conditions surrounding the UK government’s offer of a loan guarantee to support the recovery and development of the territory.

“As you highlight, it is the choice of the British Virgin Islands Government as to whether or not to use the loan guarantee to access funding to rebuild,” the UK director said while highlighted that it has been nearly two years since the loan guarantee offer was placed on the table.

He also confirmed that any new borrowing by the BVI could cause the government to breach the territory’s borrowing ratios outlined in the BVI/UK Protocols for Effective Financial Management agreement. However, Merrick again confirmed that the UK government will consider any proposals to help the BVI return to compliance. This, he said, includes allowing the BVI a transitionary period to return to compliance.

“Any transition period can of course only be finalised when you express how long for, and what amount of borrowing the government wish to take up,” Merrick noted.

The BVI has up to the end of September to decide whether they will accept or reject the loan guarantee offer.

Premier Fahie has since said the BVI will have a referendum on whether to accept the loan guarantee if his upcoming visit to the UK is fruitless.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
×