Unprecedented Economic Growth in the BVI. Part 1

On Wednesday, BVI Chief Minister Orlando Smith made a speech at the ceremony at Central Administration Complex in Road Town attended by almost 500 people. The audience included Gov. David Pearey, members of the Legislative Council, judiciary officials, senior public servants, residents of all the districts as well as students of secondary and primary school. Opposition members of the parliament were not there (which is not surprising as they were not the previous year as well), except for Rep. Omar Hodge of District 6.

The Chief Minister was glad to ensure the audience that the British Virgin Islands is a well-positioned country with a strong growing economy – this particularly concerns the tourism and financial services sectors.

In his 50-minute speech, Orlando Smith summarised the last 50 years of the history of the BVI from strides to respect all over the world. He pointed out 2 objectives of his government – the first one is growing the economy and strengthening the social infrastructure and the second one is encouraging national pride.

The BVI economy is growing remarkably, BVI GDP and per capita income put the British Virgin Islands ahead of the whole eastern Caribbean. Today the BVI is an intergral part of a global marketplace.

The BVI Chief Minister Orlando Smith seemed to be very optimistic and enthusiastic about the current BVI position, which, indeed, was not without good reason.