The British Virgin Islands (BVI), with a population of under 25,000, relies heavily on financial services and tourism to fuel its economy. Both sectors are exposed to a prolonged global recession. Any measures that artificially restrict the flow of financial business to the BVI could be a severe blow to its economy.
BVI financial secretary Neil Smith is keeping a cool head as he ponders the government’s response to the global financial crisis. “The economy is already shrinking. What is not clear
The week on Risk.net, July 14–20, 2017Receive this by email