Beautiful Virgin Islands

Saturday, Feb 22, 2025

'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
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×