Beautiful Virgin Islands

Tuesday, Mar 28, 2023

CDB 'pleased to directly engage' VI Gov't & 'strengthen relationship'- CDB President

CDB 'pleased to directly engage' VI Gov't & 'strengthen relationship'- CDB President

Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has met with officials of the Caribbean Development Bank (CDB) as the Government of the Virgin Islands (VI) moves to strengthen its relationship with the lending institution.

According to a press release from Government Information Services (GIS) on January 27, 2023, Premier Wheatley, along with other senior officials from the Ministry of Finance, held bilaterial meetings with President Dr Hyginus Leon aka 'Gene' and his Senior Advisor Ms Andrea Power earlier in the week to discuss the areas in which the Virgin Islands can benefit from the bank’s current trajectory, as well as its future objectives.

The discussions were also aimed at enhancing the Virgin Islands’ strategic position and the potential economic development that can be harnessed through the bank’s offering of technical and financial support.

VI is a shareholder of CDB

Premier Wheatley said, “I was happy to host the President of the Caribbean Development Bank (CDB) Dr Leon, and to have the opportunity to acknowledge the invaluable support given to the Virgin Islands; not just in financing hurricane recovery projects, but with technical assistance in procurement policy, training, and other areas of development.”

The Premier added, “We are a proud member of the bank, and are excited by further sustained engagement in meeting our ambitious development goals which include the establishment of world-class infrastructure, supporting a food security ecosystem, creating climate and economic resilience, and investing in innovation and development.”

During the bilateral engagements, Dr Leon shared the bank’s vision and reiterated its commitment to partnering with its Borrowing Member Countries, which is inclusive of the Virgin Islands. The Virgin Islands is one of the bank’s shareholders, and has continuously received financial and technical support in the development of its infrastructure.


The Caribbean Development Bank officials also made courtesy calls on the Premier, the Cabinet of the Virgin Islands, and officials from the Recovery and Development Agency (RDA).

New pathways & opportunities created- CDB President

Dr Leon said, “The Caribbean Development Bank is pleased to directly engage the Government of the VI and strengthen our longstanding relationship. Our interactions and dialogue during this visit have created new pathways and opportunities for the Bank, and the VI to further reinforce the solid foundation both have enjoyed.”

Dr Leon added that the CDB’s timely response to support redevelopment of the Territory subsequent to the 2017 hurricanes, through the issuance of loan and grant facilities to supplement the required funding gap, is evidence of the bank’s commitment to bolster Borrowing Member Countries.

Dr Leon assumed the office of President of the Caribbean Development Bank (CDB), in May of 2021, thereby becoming the sixth chief executive of the regional multilateral institution.

The bank officials also made courtesy calls on the Premier, the Cabinet of the Virgin Islands, and officials from the Recovery and Development Agency (RDA).

The Ministry of Finance is committed to its mandate which involves coordinating sustainable national development, enhancing financial and economic resources, and strengthening bilateral relationships with its partners.
Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
AOC explains why she opposes banning TikTok
I have a dream, MLK inspiring speech
UK: Humza Yousaf replaces Nicola Sturgeon as SNP leader and first minister in Scotland
Aretha Franklin, Marvis Staples - Oh Happy Day
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
BVI Freedom Song
Gordon Moore, a co-founder of Intel Corporation, died at 94
Billy Preston - You Can't Beat God Giving (Live)
Powell: Silicon Valley Bank was an 'outlier'
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Donald Trump arrested – Twitter goes wild with doctored pictures
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Hello Dolly
Paris Rioting vs Macron anti democratic law
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
'Sexual Fantasy' Assignment At US School Outrages Parents
Bob Marley - Get Up Stand Up
Credit Suisse to borrow $54 billion from Swiss central bank
Yes He Can
Russian Hackers Preparing New Cyber Assault Against Ukraine
What A Friend We Have In Jesus
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
Unforgettable
If this was in Tehran, Moscow or Hong Kong
Touch The Hem Of His Garment
Nashville police officer, and a female driver shooting one another
The Lord's Prayer
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
THE GOD MOVEMENT...BEAUTIFUL BVI
Mexican President Claims Mexico is Safer than the U.S.
Siyahamba
A brief banking situation report
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
Lady bites police officer and gets instantly reaction
Ramblin' Rose
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Protoje - Who Knows ft. Chronixx
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Pressure - Virgin Islands Nice
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Phil Wickham - House Of The Lord
Silicon Valley Bank exec was Lehman Brothers CFO
My God Is Real (Yes, God Is Real)
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Louis Armstrong - When The Saints Go Marching In
A Mississippian man, who was once considered a “ticking time bomb,” has lost a whopping 165 kilograms! What motivated this incredible transformation?
Kanye West Sunday Service - hallelujah, salvation, and glory
Elon Musk Is Planning To Build A Town In Texas For His Employees
Jonathan Nelson - I Believe (Island Medley
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
From The Virgin Islands Sqad Up
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Common, John Legend - Glory
Fitness scam
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
I have a dream, MLK inspiring speech
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Aretha Franklin, Marvis Staples - Oh Happy Day
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
BVI Freedom Song
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Billy Preston - You Can't Beat God Giving (Live)
Banking regulators close SVB, the largest bank failure since the financial crisis
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Hello Dolly
JP Morgan Becomes First Bank to Predict UK Will Avoid Recession
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
JP Morgan Becomes First Bank to Predict UK Will Avoid Recession
Bob Marley - Get Up Stand Up
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
Yes He Can
It's the question on everyone's lips: could a four-day workweek be the future of employment?
What A Friend We Have In Jesus
×