Beautiful Virgin Islands

Thursday, Jun 26, 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
Russian Shadow Payments via Cryptocurrency Reach $9 Billion
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
×