UNDP to support British Virgin Islands with the implementation of the $65million CDB loan for reconstructionApr 12, 2018
Road Town, Virgin Islands – 12 April 2018 – The UN Development Programme (UNDP) will support the Government of the British Virgin Islands with the implementation of US$65million Rehabilitation and Reconstruction Loan from the Caribbean Development Bank (CDB), following an agreement signed here today.
Upon request from the Government, UNDP will support with project management and procurement, also providing expertise in civil engineering and financial management to boost the Government’s efforts to implement projects funded by the CDB loan in an efficient, expedited and transparent manner.
Premier and Minister of Finance, Dr. D Orlando Smith said that the agreement will also focus on building capabilities within governmental departments. This is crucial for the country devastated after two powerful hurricanes, Irma and Maria, that left four dead and nearly 150 injured, also leaving a trail of social, economic and environmental damage.
“We are deeply honored for this opportunity to contribute to the recovery and development efforts of the Government of the Virgin Islands,” said Mr. Stephen O’Malley, UN Resident Coordinator and UNDP Resident Representative for Barbados and the OECS, as he signed the agreement with the Government.
“This is a very important initiative for UNDP and we are committed to bringing in our global experience and expertise for its successful implementation, while further contributing to building national capacities,” O’Malley added.
The CDB-loan-funded projects implemented by the Government with UNDP will focus on resilient recovery of social and economic infrastructure, especially related to transportation, water and sewerage, as well as governance, education and national security sectors. With another hurricane season only a few months away, another key action area will be the institutional strengthening for psychosocial support and disaster mitigation.