Statement By The Honourable Lorna Smith, Obe

Deputy Premier And Minister For Financial Services, Labour And Trade

Ninth Sitting Of The First Session Of The Fifth House Of Assembly

Of The Virgin Islands

TUESDAY, 5^TH MARCH 2024

Tomorrow's Leaders Internship Programme

Madam Speaker, I am honoured to announce the launch of the Tomorrow's Leaders Internship Programme, a collaborative effort between the Ministry of Financial Services, Labour and Trade and BVI Finance. This programme goes beyond a summer internship; it is a strategic investment in the future of the British Virgin Islands.

By connecting talented college and university students with employers and fostering mentorship and knowledge exchange, we are cultivating a pipeline of skilled professionals who will drive innovation, attract investment, and uphold excellence in the financial services sector.

This initiative underscores our commitment to nurturing the next generation of leaders who will shape the future of financial services and propel the broader economy.

In today's rapidly evolving landscape, investing in workforce preparedness is crucial. The financial services industry, in particular, requires a highly skilled and adaptable workforce capable of navigating complex regulations, embracing technological advancements, and driving innovation. The Tomorrow's Leaders Internship Programme provides students with practical work experience, laying the groundwork for a competent, innovative, and resilient workforce.

We express our gratitude to the firms who have already agreed to partner with us. To further enrich the programme, we actively seek additional financial services partners to offer summer internships in a variety of fields, including:

• Accounting
• Banking
• Compliance
• Fintech
• Funds
• Insolvency
• Insurance
• International Tax
• Law
• Marketing/Communications
• Regulatory Compliance
• Other related fields

Madam Speaker, the importance of public-private partnerships cannot be overstated. Collaboration between government, education, and industry stakeholders is essential to bridge the gap between academic learning and real-world application. This partnership ensures internships are tailored to the industry's needs, while offering students meaningful learning experiences aligned with their career aspirations.

I urge all interested employers to join us. By welcoming the next generation of talent, you contribute to a skilled workforce and position your organization for success in a competitive global market.

To the bright and ambitious college students pursuing a relevant course of study at home and abroad, I encourage you to contact BVI Finance for more information on how to apply and become part of this exciting programme. This is an invaluable opportunity to gain practical experience, develop your professional network, and contribute to the future of the BVI's financial services industry.

In closing, I express my sincere gratitude to all those who made this initiative a reality. Together, we are building a brighter, more prosperous future for the British Virgin Islands.

Thank you, Madam Speaker.