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BVI Seeks Finance Sector's Input On Its Future

by Mike Godfrey, Lowtax.net, Washington
11 December, 2015

Financial services providers in the British Virgin Islands have been asked to participate in a survey to help shape a new initiative that will seek to ensure the industry's growth.

The BVI Government recently announced plans for a new BVI Forward initiative, which, among other things, is intended to involve members of the financial services industry in efforts to support its future success.

The Government said, the survey will enable the Financial Services Implementation Unit (FSIU) to set quantitive benchmarks for the BVI Forward campaign and monitor progress under the initiative.

The BVI Premier and Minister of Finance, Orlando Smith, appealed for the industry's support in the data-gathering process at a recent breakfast meeting he hosted for members of the Financial Services Advisory Committee. He said: "FSIU will be embarking on a series of surveys for the purpose of collecting the data that will help us create new evidence-based systems and strengthen current ones. This will help us to measure and monitor the changes we are seeking to make."

The FSIU plans to launch other surveys in the coming months, one of which will be a population survey to get an understanding of the general perception of the financial services industry in the BVI. A second will ask high school students about their awareness of career opportunities within the financial services industry.

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