Hurricane Maria did not cause a major disruption to the territory’s financial services industry, according to BVI Finance, the private corporation the promotes the sector.
“The full impact of Hurricane Maria is still emerging, but thankfully we were spared the brunt of it as the eye passed south of our islands,” said BVIF Interim Director Lorna Smith. “Reconstruction efforts have therefore continued along with ongoing humanitarian support.”
Many Virgin Islands firms were able to continue providing financial services through the storm, the BVIF stated in a press release.
“This is thanks to the successful implementation of business continuity plans, which includes many firms partnering with their international networks on an interim basis,” the release explained of the system that was put in place after Hurricane Irma devastated the territory on Sept. 6.
The territory’s company register continues to function via the online portal, VIRRGIN, and the Commercial Court has been relocated to St. Lucia, where it is scheduled to start hearing matters on Monday.
“In such circumstances I remain incredibly grateful to the private sector for their herculean efforts to support the BVI through this critical phase and in their commitments to the future,” Ms. Smith, adding, “Fundamentally, despite recent events, the BVI remains open for business now and for the future.”
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