London Daily

Focus on the big picture.
Saturday, Feb 21, 2026

VI may have to 'borrow' if hit by another catastrophic event- Premier Fahie

VI may have to 'borrow' if hit by another catastrophic event- Premier Fahie

Premier and Minister of Finance, Honourable Andrew A. Fahie , has told the United Nations (UN) that the [British] Virgin Islands (VI) and other vulnerable Small Island Developing States (SIDS) in the Caribbean face the triple threat of hurricanes, COVID-19 and weakened economies; and require sustained international support to get through the current crisis.

The Premier also emphasised the urgent need for additional changes to the international rules on Official Development Assistance (ODA) to allow the VI and other vulnerable islands to readily receive aid from international agencies and donors, as well as access to concessional financing, in order to rebuild after a catastrophic event or crisis such as COVID-19.

According to a press release from Government today, August 13, 2020, the Premier’s call for international support to SIDS came at the 35th Session of the Whole Committee of the UN’s Economic Commission for Latin America and the Caribbean (ECLAC), which took place on August 4, 2020, and was attended by 37 Foreign Ministers and Ambassadors from around the region.

Triple crisis


“Just last week we dodged Tropical Storm Isaias. More storm systems in the Atlantic are currently on course for the Caribbean. We are very concerned because of our vulnerability. Like many of our neighbours, we are simultaneously balancing COVID-19 response, economic pressures and hurricane preparedness. I pray none of us have to face a triple crisis with the passage of a hurricane during this very active season,” Hon Fahie said in his statement to the committee.



Damage by Hurricane Irma which struck the Virgin Islands on September 6, 2017. The Virgin Islands would most likely have to borrow if hit by a major disaster, unless a permanent solution is found to the rigid Official Development Assistance (ODA) rules, according to Virgin Islands Premier, Hon Andrew A. Fahie (R1). Photo: VINO/File



The Premier further emphasised the risk of another catastrophic event to the VI which is still recovering from hurricanes in 2017, and the urgent need for the VI and other vulnerable islands to be able to readily receive aid from international agencies and donors, as well as access to concessional financing, in order to rebuild after a catastrophic event or crisis such as COVID-19.

Honourable Fahie highlighted the risk to VI stating, “At the same time that we are concerned about Covid-19, we are also very concerned about the risk of another catastrophic event such as a Hurricane Irma. If we were so unfortunate to be hit again, we would most likely have to borrow, unless a permanent solution is found to the rigid ODA rules that would allow highly vulnerable SIDS graduated out of aid, to readily receive grant funds and concessional financing.”

VI hailed by UN for COVID-19 response


The Premier thanked ECLAC for its support to the VI and other Associate Members and reiterated his commitment to supporting the work of the UN regional commission in the VI’s roles as a Vice Chair of the Presiding Officers of the Regional Conference on Social Development and a Vice Chair of the Caribbean Development Cooperation Committee (CDCC), which are key bodies under ECLAC.

He also thanked Cuba for the deployment of a Medical Brigade to the VI to bolster its COVID-19 response.

The UN has highlighted and commended the VI for its health response to COVID-19 in which infections have been kept to a minimum.

Newsletter

Related Articles

0:00
0:00
Close
UK Confirms Preferential U.S. Trading Terms Will Continue After Supreme Court Tariff Ruling
U.S. and U.K. to Hold Talks on Diego Garcia as Iran Objects to Potential Military Use
UK Officials Weigh Possible Changes to Prince Andrew’s Position in Line of Succession Amid Ongoing Scrutiny
British Police Probe Epstein’s UK Airport Links and Expand High-Profile Inquiries
United Kingdom Denies U.S. Access to Military Base for Potential Iran Strike
British Co-founder of ASOS falls to his death from Pattaya apartment
Early 2026 Data Suggests Tentative Recovery for UK Businesses and Households
UK Introduces Digital-First Passport Rules for Dual Citizens in Border Control Overhaul
Unable to Access Live Financial Data for January UK Surplus Report
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
UK ‘Working Closely with US’ to Assess Impact of Supreme Court Tariff Ruling
Trump Criticises UK Decision to Restrict Use of Bases in Potential Iran Strike Scenario
UK Foreign Secretary and U.S. State Chief Hold Strategic Talks as Tensions Rise Over Joint Air Base
Two teens arrested in France for alleged terror plot.
Nordic Fracture: How Criminal Scandals and Toxic Ties are Dismantling the Norwegian Crown
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
King Charles III Opens London Fashion Week as Royal Family Faces Fresh Scrutiny
Trump’s Evolving Stance on UK Chagos Islands Deal Draws Renewed Scrutiny
House Democrat Says Former UK Ambassador Unable to Testify in Congressional Epstein Inquiry
No Record of Prince Andrew Arrest in UK as Claims Circulate Online
UK Has Not Granted US Approval to Launch Iran Strikes from RAF Bases, Government Confirms
AI Pricing Pressure Mounts as Chinese Models Undercut US Rivals and Margin Risks Grow
Global Counsel, Advisory Firm Co-Founded by Lord Mandelson, Enters Administration After Client Exodus
London High Court dispute over Ricardo Salinas’s $400mn Elektra share-backed bitcoin loan
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Former Student Files Civil Claim Against UK Authorities After Rape Charges Against Peers Are Dropped
Archer Aviation Chooses Bristol for New UK Engineering Hub to Drive Electric Air Taxi Expansion
UK Sees Surge in Medical Device Testing as Government Pushes Global Competitiveness
UK Competition Watchdog Flags Concerns Over Proposed Getty Images–Shutterstock Merger
Trump Reasserts Opposition to UK Chagos Islands Proposal, Urges Stronger Strategic Alignment
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Liberal Senator Michaelia Cash Accuses Prime Minister of Lying to Australians
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
A Lunar New Year event in Taiwan briefly came to a halt after a temple official standing beside President Lai Ching‑te suddenly vomited, splashing Lai’s clothing
Jillian Michaels reveals Bill Gates’ $55 million investment in mRNA vaccines turned into over $1 billion.
Ex-Prince Andrew Mountbatten-Windsor's arrested
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Four Chagos Islanders Establish Permanent Settlement on Atoll
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
UK Inflation Slows Sharply in January, Strengthening Case for Bank of England Rate Cut
Hide the truth, fake the facts, pretend the opposite, Britain is as usual
France President Macron says Free Speech is Bull Sh!t
Viktor Orbán getting massive praise for keeping Hungary safe, rich and migrant-free!
UK Inflation Falls to Ten-Month Low, Markets Anticipate Interest Rate Cut
UK House Prices Climb 2.4% in December as Market Shows Signs of Stabilisation
BAE Systems Predicts Sustained Expansion as Defence Orders Reach Record High
Pro-Palestine Activists Cleared of Burglary Charges Over Break-In at UK Israeli Arms Facility
Former Reform UK Councillors Form New Local Group Amid Party Fragmentation
Reform UK Pledges to Retain Britain’s Budget Watchdog as It Seeks Broader Economic Credibility
×