British Virgin Islands

Tuesday, Jan 25, 2022

UK Technical Input Welcomed For Permanent Unemployment Scheme

UK Technical Input Welcomed For Permanent Unemployment Scheme

As the Government prepares to implement a permanent unemployment benefit scheme, Premier and Minister of Finance, Hon. Andrew Fahie has signalled intentions to accept technical assistance from the United Kingdom (UK) on the new programme.
The scheme was promised by mid-2021, but that timeline has passed.

"While I am upbeat about the Virgin Islands’ economic prospects going forward, there are also lessons to be learnt from the last year," the Premier stated following his recent visit to the UK.

He added, "Indeed, the economic impact of COVID-19 has affected every country, and the Virgin Islands is no different. Despite the negative impact of the COVID-19 pandemic, our economy has proven to be resilient and swift government action has led to economic recovery, underpinned by our successful COVID-19 response."

Further, the Premier pointed out that the Government recognises the need for a permanent unemployment scheme to provide a financial and social safety net in the event of a disaster or catastrophic event.

"We would welcome the UK’s technical input on how to implement this for the Virgin Islands," the Premier stated.

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