A two-man team from the London based global research firm, Capital Economics, is visiting the British Virgin Islands this week to complete an economic research study aimed at illuminating the contributions of the BVI’s financial services industry to the global economy.
While here, the team has been meeting with persons within the financial services industry. A meeting was also held with the Financial Services Implementation Unit which spearheads the BVI Forward campaign.
The study is intended to examine the economic, financial and legislative connections between the BVI’s financial services sector and the international community. It is 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.
The research study, which is being spearheaded by BVI Finance, will be funded by contributions from Government and the private sector.
When the study was commission earlier this year, Interim Executive Director of BVI Finance, Mrs. Lorna Smith, OBE said, “We are very grateful and impressed by the contributions made by our industry partners to this study. This is evidence of the commitment to the continued viability of our financial services and the results will undoubtedly provide us with much needed data to continue to promote the BVI’s competitive advantage.”
To read more about the study, click here.