A number of renowned international press reportedly published articles on the Capital Report, which was commissioned to examine the economic, financial and legislative connections between the BVI’s financial services sector and the international community.
The document that was recently launched was spearheaded by BVI Finance, and funded by contributions from Government and the private sector. During his midterm address on 10th July Premier and Minister for Finance Dr. the Hon. D. Orlando Smith announced that the document is a tool that is being used to bust myths associated with the industry.
“Our efforts to combat the global campaign of disinformation that has been waged against our Territory and against the entire global financial system. The report I referenced a moment ago is part of that effort,” Premier Smith announced.
In noting that the report has attracted great press, Hon. Smith said: “The Capital Economics report has been circulated everywhere from New York, to London, to Hong Kong. It has been reported on the front pages of the Financial Times, in the Business Section of the London Times and elsewhere.”
These efforts, Hon. Smith announced are crucial to the Territory’s future and he also noted that already the initiative is bearing fruit.
The Capital Report was designed to be an authoritative, evidence based piece of work demonstrating how BVI business structures have facilitated global commerce by connecting markets and facilitating global investment, trade and capital flow with a specific focus on the BVI’s impact on the growth of the China economy.
Additionally, the study’s findings is expected to help to better inform and educate the BVI public on the Territory’s financial services industry and its impact on their lives.
- Source: BVIHotpress.com