BVI Takes Part in a Study on Diversification of Caribbean OCTs

The British Virgin Islands is taking part in a regional study on diversification of the Caribbean countries, launched in November last year by the EU-funded Caribbean Overseas Small and Medium Enterprises Programme. The purpose of the study is to determine if the economies of the Caribbean Overseas Territories need diversification, and give recommendations how to do it.

BVI Premier and minister of finance, Dr Orlando Smith, noted that the study is in line with BVI government’s economic strategy to diversify the long term sustainability of current and emerging sectors of the economy.
 
The main objective of Caribbean Overseas Small and Medium Enterprises i(COSME) s improving the competitiveness of small and medium enterprises in the British, Dutch and French OCTs by facilitating enhanced business enabling environment. Among the beneficiary countries there are BVI, Anguilla, Cayman Islands, Montserrat, and the Turks and Caicos Islands.