A Chief Executive Officer for the Recovery and Development Agency (RDA) has finally been appointed – completing the full list of persons who will sit on the RDA.
The board of directors for the RDA appointed Paul Bayley to the post recently. Bayley has been described as a development expert who has worked as a civil servant, military officer, and investment banker.
He is said to have worked in his field across several nations such as the Fiji Islands, England, New Zealand, Australia, and sections of Africa.
“He has experience as a permanent secretary in Fiji [and] led the recovery after a category-five cyclone devastated those islands [back in 2016],” said Premier Smith on Thursday at a joint press conference with Governor Augustus Jaspert and RDA Deputy Chairman, Clarence Faulkner.
Bayley – who is slated to arrive in the territory within a month – will be responsible for spearheading the RDA’s five-year mandate to manage the portion of the territory’s recovery process set out in government’s recovery plan.
According to Premier Dr D Orlando Smith, the RDA is working on behalf of government.
Dr Smith told journalists the government would have the final say if any potential disagreements arise between local government and the RDA.
Deputy Chairman Faulkner said though the Agency is accountable to government, it is still “independent of government and will execute its mandate accordingly”.
“Let me be clear, the RDA does not promote, intend, or wish to be a second government,” he added.
The Agency’s recovery mandate is expected to be a task costing more than one billion dollars.
Premier Smith has said government has sought financing from other banks besides the Caribbean Development Bank (CDB), which already has loaned some $65 million to the BVI for recovery. The Premier did not disclose the names of those other banks.
“There have been discussions with world banks but we have to get the arrangement with the guarantee from the United Kingdom before they can be finalised,” he said.
The full list of the RDA’s Board of Directors is as follows:
Paul Bayley – CEO
Robert Mathavious – Chairman
Clarence Faulkner – Deputy Chair
Maria Mays – Governor’s representative
Clyde Lettsome – private sector representative
Pastor Gregory George – representative for the sister islands
David Hancock – UK’s representative
Sharie DeCastro – youth representative
Monica La Bennett – CDB representative
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