The Virgin Islands Festival & Fairs Committee is expected to settle all its outstanding debts to festival vendors in the next two months.
Committee Chairman Carnel Clyne gave that assurance while telling BVI News that his team has already started the process of clearing the outstanding balance they inherited from the previous NDP administration.
“I would say about 70 percent of those were paid out of this year’s budget. Between now and the end of September/October — not past October — 100 percent of those owed in 2018 will be paid. Wishful thinking; 2019 will be paid as well. That’s what we are working on right now,” Clyne stated.
He said it is important for the committee to resolve its longstanding debt issues in order to restore trust in the organisation.
“The festival is finished for everybody but we are in the background just making sure that everybody gets taken care of financially and we are trying to regain that trust inside the committee where folks are willing to do stuff for the committee on the fact that they know they will be paid. We are trying to bring a new light and better image to the Virgin Islands Festival and Fairs Committee,” Clyne added.
In June, the minister responsible for Culture Dr Natalio Wheatley announced that the initial budget of all 2019 Virgin Islands festivals was $710,000. That figure later increased to $1.3 million.
Dr Wheatley said part of the increased sum was going towards clearing outstanding debts owed to vendors from previous years.
Copyright 2021 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.