While applauding the BVI for having what he calls an “enviable economy”, Premier Dr Natalio Wheatley has revealed that investors are in pursuit of him, as they see the BVI as a place where they can get a good return on their investment.
The Premier made that remark while debating the 2023 budget in the House of Assembly on Tuesday.
“We have investors knocking down my door. They want to invest because they believe they can get a return on their investment here. And we have everyone from around the world who can see the value of the Virgin Islands
and how attractive it is. So we have to start looking at ourselves that way as well,” Premier Wheatley said.
He urged residents to take advantage of the booming economy despite the setbacks of inflation, the COVID
-19 pandemic, and the great 2017 disasters.
And he said residents should remain grateful the economy continues to perform well because many countries are not doing well because of the effects of recent global events.
“Many people get a paycheque and a salary and are able to send their children to school. They are able to buy groceries, houses, vehicles and take trips. They are able to do that because they are employed.” Premier Wheatley said.
He added that the BVI’s low debt is another indicator that the economy is doing well.
“We aren’t heavily indebted, we’ve never defaulted on our loans. Our economy is producing jobs upon jobs to the point where we have to import people to do work and we issue lots of work permits each year,” Premier Wheatley said.
Dr Wheatley recently revealed that the BVI economy is projected to surpass three per cent by the end of this year.
Growth in tourism and financial services is expected to extend that growth into 2023.