Beautiful Virgin Islands

Saturday, Sep 06, 2025

COVID-19 Stimulus Package Within Days

COVID-19 Stimulus Package Within Days

Cabinet is expected to pour over a stimulus package in the coming days to assist residents and businesses cope with the economic fall out from the coronavirus COVID-19.
Premier and Minister of Finance, Hon. Andrew Fahie indicated that Cabinet has granted an extension for the submission of the plan. According to the Premier, the plan is expected to reach Cabinet on Wednesday and thereafter an announcement will be made following the meeting.

There have been job cuts, particularly in the tourism sector that relies heavily on cruise visits and airlifts - both grounded as a result of closed borders globally to prevent the spread of the virus. Premier Fahie has been pleading with landlords, banks and service providers to be lenient during this period as the Territory prepares to enter a 14 day 24hr lock down period starting at 6 pm today, April 4.

The Premier had pleaded for patience as Government worked through health protocols intended to prevent the spread of the virus in the community, citing that it was better to save lives first. However, there are growing calls for Government to release plans to shore up the economy.

Crafting of the stimulus plan is critical not only locally, but it will help the Virgin Islands in its quest to tap into funding from the United Kingdom which has requested the plan before looking into the Territory's request for financial support. However, the Premier said although he submit the plan to the UK as requested, he differs with their approach.

"What we are asking for to be very blunt is assistance from the UK to find out if we get; not granting aid we have graduated from that. We want grants and we are going to also use what we have," Premier Fahie stated.

He further explained Government's position, "We have to get help and if we don’t get it from one place we have to go somewhere else. But right now we are talking with the UK we are going to bring our plan in. As the governor said he wants to see our plan to see where the UK fit in, I slightly disagree because if you are going to help me, you could help me and tell me you are going to give me a grant, but its targeted towards that, but I would do as I am asked and from there we will go and see."

Premier Fahie stated that there is no country in the world that is going to get out of this without assistance. He explained that he is seeking assurance that if local funds are utilised solely then the fiscal management agreement between the BVI and the UK are going to be relaxed.

"So if you cannot, one of the areas to show help is to relax protocols without having stiff conditions on them and to allow us to relax some of our funds without putting restrictions on them in these hard times," Premier Fahie stated.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Florida Murder Case: The Adelson Family, the Killing of Dan Markel, and the Trial of Donna Adelson
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Brand-New $1 Million Yacht Sinks Just Fifteen Minutes After Maiden Launch in Turkey
Here’s What the FBI Seized in John Bolton Raid — and the Legal Risks He Faces
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Queen Camilla’s Teenage Courage: Fended Off Attempted Assault on London Train, New Biography Reveals
Scottish Brothers Set Record in Historic Pacific Row
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Court of Appeal Allows Asylum Seekers to Remain at Essex Hotel Amid Local Tax Boycott Threats
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
×