While stating that negotiations with the United Kingdom are ongoing, Premier Dr D Orlando Smith said six persons have been approved for appointment to the Recovery Agency Board, so far.
Robert Mathavious has been confirmed as chairman, while other approved members are Virgin Islands Party supporter, Sharie DeCastro; Pastor Gregory George; Clarence Faulkner; Maria Mays, and Claude Lettsome.
Premier Smith made the announcement in the House of Assembly on Thursday, April 26.
“We are grateful to the named individuals for agreeing to take on this very important responsibility and look forward to the exemplary execution with their duties under the Agency Act,” Dr Smith said.
The Recovery Agency Act passed in parliament a month ago and means the BVI has accepted the United Kingdom’s loan guarantee of £300 million as well as the accompanying conditions.
“My government continues to [hold] negotiations with the United Kingdom to strengthen the terms of the loan guarantee,” Premier Smith said.
The Agency will have full control over how recovery funds are spent.
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