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Premier Dr. Hon. D. Orlando Smith, OBE has welcomed the announcement by the UK for a recovery and reconstruction package for the BVI of up to £300 million in loan garauntees and £10 million in grants to support the Territory's recovery after Hurricanes Irma and Maria.
The announcement came at a meeting on 28 November between Prime Minister Rt. Hon. Theresa May and OT Leaders.
The Premier said,
"I am pleased that the UK Government has responded to the BVI's request for a recovery and reconstruction package to support the Territory's recovery in the aftermath of hurricanes Irma and Maria."
He went on to say,
"UK loan garuantees and grants will not only help to accelerate our recovery, but also stimulate the economic growth and development that is needed to restore our economy," the Premier said.
Premier Smith also held a working bilateral meeting with Overseas Territory Minister Lord Ahmad in which they discussed BVI's preparation of a long-term recovery plan.
Recently Premier Smith announced that the Government has developed proposals for BVIs recovery and will be seeking to finalise those plans after consultation with the public.
Premier Smith further concluded "I am pleased that the hardworking and resilient people of the BVI continues to steadfastly rebuild our Territory. UKs financial support will help to ensure that further financing is available to support our efforts and the significant action needed for BVI's recovery. I looking forward to working together with the people of the BVI; along with all our partners to ensure that we rebuild BVI Better, Stronger, Greener in a sustainable and resilient manner."
Premier Smith is currently leading a BVI delegation at the annual Joint Ministerial Council in London between UK Ministers and OT Leaders.
He is joined by Minister for Communications and Works Hon. Mark Vanterpool, Chair of the Disaster Recovery Coordinating Committee Brodrick Penn, Financial Secretary Glenroy Forbes, Director of International Business Business Regulation Neil Smith, Director of the BVI London Office Benito Wheatley, Deputy Director of the BVI London Office, International Relations Intern Akita Alexander and International Relations Intern Xyrah Wheatley.