Press Release
24 January 2020 - 3:27pm

The Government of the Virgin Islands will engage members of the Financial Services Industry to help provide solutions on how Government’s support services and policies can be improved to better support the industry.

Premier and Minister of Finance, Honourable Andrew A. Fahie said the Government  through its Solutions Forum platform will be continuing its promise to meet with all stakeholders in the various sectors to collaborate and find solutions that will drive their success.  

Premier Fahie said, “We are a Government of inclusion and these forums are testament to Government’s commitment of good governance, transparency and accountability through engaging with industry stakeholders.”

The Premier added, “Financial Services is the main driver of Government revenue and major contributor to the economy. In order to strengthen economic substance it requires continued public-private collaborations. Together, we will discuss how to ease doing business together, improve our infrastructure to complement international standards and industry changes.”

Acting Premier, Honourable Carvin Malone, Ministers, Permanent Secretaries, Chair and Heads of Statutory Agencies, Heads of Departments and other technical officers will be present to facilitate resolution to issues presented by the Financial Services Industry.

Through collaboration, the Government will seek to find solutions on how best to conduct consultation on legislation affecting the industry;  how to improve the existing infrastructure which it regulates; how to streamline its services to improve efficiency  when conducing transactions and applications; and how to improve the BVI as an International Business Centre.

This is the second iteration of the Solutions Forum.  The first forum was held in partnership with the Chamber of Commerce and the Hotel Association in November of last year.

Attached:   Solution Forum flyer

Author

Sheriece T. Smith

Information Officer II 
Dept. of Information & Public Relations 
Telephone: 468- 2740
Email:    shersmith@gov.vg

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