Beautiful Virgin Islands

Wednesday, Oct 08, 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
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
×