The Ministry of Financial Services, Economic Development and Digital Transformation focuses on the regulation and oversight of financial institutions and services within the territory. Its responsibilities include managing banking regulations, monitoring financial markets, promoting financial stability, and implementing policies to support economic growth. The ministry also works on initiatives to enhance financial inclusion, consumer protection, and investor confidence.

It is also responsible for developing and implementing policies related to commerce. Its primary objectives include promoting exports, attracting foreign direct investment, negotiating trade agreements, and removing barriers to trade. The ministry also is involved in addressing trade disputes, supporting domestic industries, and ensuring compliance with trade regulations.

And finally, it also focuses on labor-related policies and initiatives within the territory. Its key responsibilities include formulating and implementing labor laws, regulations, and standards to protect workers' rights and ensure fair employment practices. The ministry also oversees labor market trends, work on policies related to wages, occupational health and safety, employment benefits, and facilitates labor relations between employers and employees.

Minister of Financial Services, Economic Development and Digital Transformation

Honourable Dr. Natalio Wheatley
 

 

Permanent Secretary
Petrona Davies

Ministry of Financial Services, Economic Development and Digital Transformation Contact Information

265 Waterfront Drive
Road Town 
Tortola VG1110
British Virgin Islands

Business Hours:


Monday - Friday  
8:30 a.m. to 4:30 p.m.

Email: mfslt@gov.vg

Telephone: 1(284) 468-2096

Subjects

The Ministry of Financial Services, Economic Development and Digital Transformation subjects include:

  1. Banking (includes National Bank of the Virgin Islands)
  2. Companies
  3. Consumer Affairs
  4. Cooperatives 
  5. Economic Planning
  6. E-Government
  7. Financial Services
  8. Human Resource Planning
  9. Immigration
  10. Industrial Development (including Incentives)
  11. Insurance
  12. Investment Promotion
  13. Labour
  14. Registration Apprenticeship Training Employment Development (RATED) Programme
  15. Science and Technology (including Digital Transformation)
  16. Trade and Business (including Licences)
  17. Trusts
  18. Weights and Measures
  19. Workforce Development

Departments & Units

Statutory Bodies

BVI Finance Board
Immigration Board
Labour, Arbitration Tribunal
Scientific Committee
National Bank of the Virgin Islands