Beautiful Virgin Islands

Friday, Sep 11, 2026

'Sign that document, borrow the money & lets get on with it'- Hon Vanterpool - accused Gov't of fooling the people over UK Loan Guarantee concerns

'Sign that document, borrow the money & lets get on with it'- Hon Vanterpool - accused Gov't of fooling the people over UK Loan Guarantee concerns

Even as Premier and Minister of Finance, Hon Andrew A. Fahie (R1) in a press conference yesterday afternoon, September 17, 2019, had called his trip to the UK a success on behalf of the territory, Opposition Member Mark H. Vanterpool (R4) is still pushing for the UK Loan Guarantee agreement to be signed as is, so that the territory can move forward with its rebuilding.

The Member for the Fourth District was at the time speaking at the Enis Adams Primary School in Meyers Estate, Tortola, last evening, September 17, 2019 when the series of Opposition meetings continued on the topic.



UK only trying to help - Hon Vanterpool


"We need to take this money and get on with it, we can't be going back and forth forever trying to determine what we think is best and how we can deal with it, we can't continue telling people about how people want to mortgage our future and our people... whatever that means," Hon Vanterpool told the small gathering at the primary school.

Ahead of his trip to the UK, Premier and Minister of Finance in an August 17, 2019, statement has said, “The issues that we face is whether we are prepared to mortgage our birthright in order for the British government to provide the guarantee needed for us to access this critically needed funding.”

However, according to Mr Vanterpool, "I believe that the United Kingdon Government is trying to help us to rebuild our country... I wish, I really wish you will get on with it!" he lashed out in an indirect reference to Premier and Minister of Finance, Hon Fahie.

Premier Fahie yesterday indicated that the UK has agreed to address the issues, including concerns of borrowing ratios.



Gov't fooling people - Hon Vanterpool


Further, noting to the territory has enough skills to get on with its rebuilding, Hon Vanterpool charged, "To be fooling the people out there that the money is going to go somewhere else, come on... let's be fair."

Other Opposition members, including Hon Alvera Maduro-Caines, have expressed concern over the Recovery and Development Agency (RDA) and its exclusion of locals; however, Hon Vanterpool said the United Kingdom has set up a system that he believes can be used to develop the territory using suggestions from Virgin Islanders.

"I just want to implore the government, to lets quickly get on with what we have to do and really sign that document, borrow that money and let get on with it."

He said his intention is not to fuss and fight, rather, to do what is best for the territory.



'Fools rush in where angels fear to tread'- Hon Fahie


Meanwhile, speaking at the press conference yesterday, Hon Fahie reiterated that this special loan guarantee being offered by the Government of the UK is an opportunity for the VI to get cheaper lending rates for any loans sought for the recovery; however, while this is noteworthy, some of the conditions come with a high price down the road, and therefore required renegotiation.

"Some of the loudest voices, who suddenly have all the answers today, did not consider these issues when they were in the seat negotiating on this very same matter.

"They were at the centre of the unfortunate circumstances that led to the very stringent conditions being imposed on the BVI between 2012 and 2017, and beyond. They are not owning up to that. Instead they are pretending to be innocent as if they were nowhere around and have just landed white as snow."

According to Hon Fahie, they are demanding that this new government provide them with information on the very terms and conditions that they negotiated, alleging that the current government is hiding information when the fact remains that certain information was not as readily available in the Ministries as they ought to have been.

He added that some of these missing documents were only obtained after the UK government included them as attachments in their responses to his Administration's letters of concern.

"Ladies and gentlemen, it is said that fools rush in where angels fear to tread. And the facts and hindsight prove that your Government was right not to bow to the pressure from those quarters to rush in.

"We were right to take a pause, to consult with you the people, to listen to our instincts, to meet with the officials of HM Treasury, the FCO and the Overseas Territories Minister, to ventilate our concerns and to ask for the conditions to be renegotiated in the best interest of the people of the Virgin Islands – as we have successfully done on this trip, to obtain maximum protection for the interests of the people of the BVI," Premier Fahie declared.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Merz Rebukes AfD Expansion in Saxony-Anhalt
OpenAI Unveils GPT-6 and Says: "We May Already Have Reached AGI"
Congressman Accused Andrew of Sex Crimes in the United States
Donald Trump: "I'm Glad Harry and Meghan Left the United States"
Spicy Food Is Linked to Lower Death Risk — but It Is Not a Miracle Cure
AfD Enters Saxony-Anhalt Election at 41% in Historic Test for German Politics
Gen Z Turns to Investing as America's First-Home Dream Moves Further Out of Reach
TSA Unveils Major Airport-Security Overhaul as It Drops Gold+ Privatization Plan
CIA Chief Warned Russia Against Attacking NATO in Secret Moscow Mission
Raheem Sterling Charged With Dangerous Driving After Lamborghini Crash
The Secret Dolly Parton Kept Until Her Death: "She Was Much Sicker Than She Let On"
Glacier Collapse, Not Earthquake, Triggered Deadly Nepal-Tibet Flood
Turnbull Warns AUKUS Could Leave Australia Without Promised Nuclear Submarines
California Billionaires Pour More Than $150 Million Into Fight Over Proposed Wealth Tax
German Broadcaster Goes Dark to Warn AfD Could End Its Saxony-Anhalt Service
Badenoch Plans Major Shadow Cabinet Reshuffle as Tories Struggle in Third Place
Prime Minister Andy Burnham to Give Ukraine Classified Storm Shadow Blueprints for Domestic Missile Production
UK Graduate Job Vacancies Plunge 45% to Lowest Levels on Record
Iranian Hackers Shut Down British Power Plant for Four Days in Landmark Cyber Attack
Novak Djokovic Reveals Relentless Self-Doubt and Rejects Retirement in New Documentary
Trump Imposes 50% Tariffs on Canadian Goods After Bilateral Trade Talks Collapse
Australia Combines Indigenous Fire Knowledge With Satellite Tech to Combat Catastrophic Wildfires
Father and Son Jailed in Scotland Over £900,000 Airport Cannabis Smuggling Operation
UK Fraud Reports Surge Sevenfold as Criminals Exploit QR Codes in Parking Meters and Phishing Emails
Brighton Thrash Aston Villa in Four-Goal Opening Half as Manchester City Trail Bournemouth
Erin Patterson Appeals Triple Murder Convictions After Hotel Mixed Sequestered Jury With Prosecution
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
×