Beautiful Virgin Islands


Lord Ahmad admits flaws with UK financing models for small states

Lord Ahmad admits flaws with UK financing models for small states

The United Kingdom (UK) government has finally admitted that there are flaws in its financing models for small states like the [British] Virgin Islands (VI), an issue flagged by the Government of the Virgin Islands Premier, Honourable Andrew A. Fahie (R1), since 2019, in his refusal to access a £300m loan guarantee for recovery and development efforts after Hurricanes Irma and Maria of 2017.
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