BVI And Caribbean Development Bank Discuss Reconstruction

18 October, 2017

A British Virgin Islands (BVI) delegation led by Premier and Minister of Finance, Dr. the Honourble D. Orlando Smith, OBE held a high-level meeting on reconstruction with the President of the Caribbean Development Bank (CDB), Warren Smith and senior bank staff at the Annual World Bank/IMF meetings in Washington, DC on October 13.

The two sides discussed financing options for the Territory to rebuild and rehabilitate its infrastructure after the widespread damage caused by hurricanes Irma and Maria.

"We had very productive discussions on the ways in which reconstruction can be financed, both short and long-term. I am pleased we have the full-support of the CDB”, said the Territory’s Minister of Finance.

They also emphasised the importance of building back better to strengthen the resilience of the BVI in the face of future category 5 hurricanes and extreme weather events caused by climate change.

Commenting on the Government’s goals for reconstruction, Premier Smith said, “Our objective is to become a model of resilience in the region and a centre of excellence in infrastructure. This will not only make us more resilient, but also more attractive as a tourism destination and international business centre.”

The Premier was joined by Minister for Health and Social Development, Honourable Ronnie Skelton and Director of the BVI London Office, Benito Wheatley.