Beautiful Virgin Islands

Thursday, Oct 30, 2025

VI economy ‘constantly & consistently progressing with recovery’- Premier

VI economy ‘constantly & consistently progressing with recovery’- Premier

Devastated by the hurricanes of 2017 and then severely impacted by the global coronavirus pandemic, the ever-resilient Virgin Islands may have been battered with blows but has not gone down for the count. In fact, like ‘Rocky’, it is fighting its way back with grit and steely determination.

“Over the past several months, the Virgin Islands economy has been constantly and consistently progressing with recovery, through the policies and management strategies of your Government and through the cooperation of all stakeholders in the public and private sectors,” an optimistic Premier and Minister of Finance Hon Andrew A. Fahie (R1) related to the territory as part of his New Year’s message on January 1, 2022.

Over the past several months, the Virgin Islands economy has been constantly and consistently progressing with recovery, through the policies and management strategies of Government and through the cooperation of all stakeholders in the public and private sectors, an optimistic Premier and Minister of Finance Hon Andrew A. Fahie (R1) related to the territory as part of his New Year’s message on January 1, 2022.


Tourism on the rebound


One of the sectors that has taken a pummeling since 2017 is tourism; however, its revival is being witnessed, despite the ongoing pandemic that brought tourism to a screeching halt during the onset of the pandemic.

“Our tourism industry, which remains in high demand, has been seeing increasing numbers of visitor arrivals. Cruise arrivals, day-trippers, overnight visitors, yachts and charter visitors, are all on the rise, notwithstanding the pandemic. Air travel to Tortola, Virgin Gorda and Anegada is now more convenient and accessible.

“All of this spells good news for our accommodation properties, taxi and tour operators, restaurants and bars, and vendors, Government revenues – and for the wider economy. To God be the Glory,” Premier Fahie stated.

He said the positive trends in tourism are expected to continue, once the territory remains vigilant and continue to maintain the Virgin Islands’ profile as a safe destination.

Stimulating the economy


The Leader of Government Business also said his Virgin Islands Party (VIP) government has pushed forward with a number of large and small projects to stimulate economic activity, support local businesses, improve infrastructure, contribute to job creation and improve and expand service delivery for the VI people.

“A lot has been done and more work will continue,” the Premier assured.

Hon Fahie also reminded that the New Year, 2022, meets us with a new Budget in place to support continued economic recovery and growth.

Opportunities from new industries


He said many more projects and programmes are already lined up for implementation, with others in advanced stages of preparation.

“Opportunities from new industries such as the Gaming and Betting industry are around the corner. Your Government intends to work even more closely with the private sector to discover and launch further opportunities. The Digital Economy and Green Energy sectors are two of the top priority areas, as we continue working to further strengthen our resilience through diversification.

According to the Premier, in short, 2022 is poised to be a year of hope, opportunity and resurgence for the Virgin Islands, “and we ask God to keep it so.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×