Beautiful Virgin Islands

Sunday, Jul 06, 2025

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
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
×