London Daily

Focus on the big picture.
Saturday, Aug 22, 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
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
UK Retail Sentiment Improves as Summer Spending Boosts Consumer Confidence
UK Aid Cuts Draw Warnings From Charities Over Humanitarian Consequences
UK Financial Conduct Authority Issues Guidance for Motor Finance Redress Scheme
UK Met Office Launches Aviation Programme to Reduce Climate Impact of Persistent Contrails
Former UK Civil Service Chief Received Record 500,000 Pound Severance Payment
West Midlands to Bring Bus Network Under Public Franchising Model
UK Government Drops Plan to Relax Affordable Housing Requirements After Backlash
UK Reaffirms Military Support for Ukraine Despite Russian Hybrid Warfare Threats
UK Technology Sector Expands Nearly 8 Percent as Digital Industry Outpaces Wider Economy
UK Drought Threatens Harvests Across England and Wales as Food Inflation Risks Persist
UK Government Pledges 442 Million Pounds to End Rough Sleeping by Christmas
UK Government Signals Willingness to Reconsider Digital Services Tax Amid US Tariff Threats
×