Government targets youth development, introduces Asian stock exchange


Archive photo of ESHS graduates

The BVI government is focused on youth development, particularly through educational opportunities, as the territory seeks to recover from the devastating impact of the coronavirus pandemic and the two Category Five hurricanes that rocked the territory four years ago.

In his budget presentation on Thursday, November 11, Prime Minister and Finance Minister Andrew Fahie said the government will continue to promote scholarship opportunities for local students to pursue higher education here and abroad.

“For the first time, we have introduced the Asia Study Abroad Scholarships which is a three-way partnership between the government of the Virgin Islands, elite universities in Asia and the private sector to provide locals from the Virgin Islands the opportunity to study in Asia, ”said Fahie. .

“We believe that once our people continue to be supported in their progress in education, we will continue to work and improve our economy and be able to reduce and eradicate poverty. The surest way to rise is to make sure to educate yourself, ”said the Minister of Finance.

About 50 residents have been awarded graduate scholarship since last year

The prime minister said that since last year, his government has provided around 50 residents of the Virgin Islands with the opportunity to pursue higher education through government grants or scholarships.

In addition, the Minister of Finance said that his government will continue the programs through the Be YOUth Center, launched in March this year, to help the development of young people in the territory.

“We strive to develop programming and life skills, preparation for employment, digital literacy, introduction to technical and vocational skills and entrepreneurship,” said Fahie.

Digital culture and sports

He said a digital literacy program will be implemented in schools across the territory by March 2022, as the territory seeks to become “smarter” and more modernized.

Another area of ​​development addressed by the Minister of Finance was the development of youth through sport. He noted that the Youth Ministry had succeeded in creating several sports leagues in the territory, but that some had not been able to be operational due to COVID-19. However, he said the government is committed to improving sports infrastructure in the Virgin Islands to help the advancement of the sport.

“In recent years, our athletes have reminded us of our sporting potential; $ 400,000 is allocated to continue the rehabilitation of the multisport complex so that our athletes can have quality facilities for talent development, ”said Fahie.

The rehabilitation of the sports complex, according to the Minister of Finance, should be completed by the end of 2022.

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