Country Report Virgin Islands (British) June 2008
| Publication Date | June 2008 |
|---|---|
| Publisher | EIU |
| Product Type | Report |
| Pages | 17 |
| ISBN Number | not applicable |
| Product Code | EIU00136 |
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Summary
Review
Relations remain tense between the premier, Ralph O'Neal, and the UK-appointed governor, David Peary. The government has responded to concerns over rising crime by announcing plans to recruit seven police officers from the UK on two-year contracts. Legislators passed a US$285m fiscal budget at the end of April for 2008/09 (April-March). The government estimates that real GDP expanded by 9.5% in 2007. It anticipates that growth will slow to 5.7% in 2008, mainly as a result of slower activity in the tourism sector.
Content
- Summary
- Political structure
- Economic structure: Annual indicators
- Review: Relations between governor and premier remain poor
- Review: Concerns mount over rising crime rate
- Review: Higher revenue collections forecast in 2008
- Review: Debt rises slightly in 2007
- Review: Growth expected to slow in 2008 after strong 2007
- The region: Summary
- The region: Several Caricom countries have elections ahead
- The region: Drug-trafficking will remain a major security concern
- The region: Regional integration will advance slowly
- The region: Public finances will remain under strong pressure
- The region: The tourism sector will be hit by the US downturn
- The region: EU trade adjustments pose challenges
- The region: High prices support mining investments
- The region: Financial sector's performance will vary across the region
- The region: Caricom acts on security measures
- The region: Energy prospects raise interest in maritime boundaries
- The region: Brazil is newest member of the Caribbean Development Bank
- The region: Agreement with EU to be signed by end of July
- The region: WTO rules in favour of US on EU banana policy
- The region: Caricom to begin trade negotiations with Canada
- The region: COTED suspends external tariffs in bid to ease inflation
- The region: Tourism performance strong despite US downturn
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