Beautiful Virgin Islands

Sunday, Jul 20, 2025

Fahie Leading by Example: Consultancies To Be Cut As Gov’t Redirects Spending

Fahie Leading by Example: Consultancies To Be Cut As Gov’t Redirects Spending

In wake of the economic fallout from the coronavirus COVID-19, the government of the Virgin Islands is moving to redirect funds from its 2020 budget to help cushion the negative effects.
Premier and Finance Minister, Hon. Andrew Fahie said that the government will also cut back on consultancies.

“…We cancelled some of the coming up consultancy because we looking at the entire budget of the Government. So, anything is up for game so we could make sure that we really deploy the money and refocus it,” Premier Fahie said.

In recent weeks hundreds of persons have been laid off as businesses grapple with the effects of the pandemic. Residents have been calling for government to produce a stimulus package but Premier Fahie said that the government is working on package and will make an announcement soon.

He also argued that the goal at this point is to ensure the virus is not spread and keeping persons alive.

There are three confirmed cases of COVID-19 in the Territory and the BVI has been on a 24-hour lock down since March 27 and that lock down is to continue from tomorrow April 2 with restricted intervals for residents to access shopping and other essential services .

Premier Fahie who is also seeking financial assistance from the United Kingdom (UK) during this crisis, said that his Government is working around the clock.

“We have been meeting every day in Cabinet, sometimes two times a day making decisions on how could we be proactive. The Minister of Labour (Hon. Vincent Wheatley) said it best, we were the ones who went and shut down the cruise ship, we were the second to do it and we didn’t do it because the industry said to do it,” he said.

He said that they also held meetings with the banks appealing for them to do more for clients.

“At the same time we spoke with all these different industries. We are being proactive. We spoke to the banks. Two meetings we had with the banks, banking association asking for better packages. Some of them already told us we have hardship things involved,” the Premier said.

He added, “We told them they still have to be better than that because this wouldn’t be nothing normal. So, we trying to push all banks to where it has six months moratorium there because this is going to be something totally different than normal.”

Premier Fahie said government also met with insurance companies, supermarkets and freight companies.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
×