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    • Fraser Says Thank You
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    • District Softball 2012 League Open
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  • Fraser's Xmas Message
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Hon. Julian Fraser RA: Always There For His People
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    • 2014 Hon. Julian Fraser Save The Seed League Launch
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  • Christmas Message 2013
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  • Fraser / Save The Seed Basketball League
    • Final 2013 regular Game
    • All Star Game and Shoot Out Night
  • FATCA
  • Press Conference
  • BVI Under Fire As Tax Haven
    • OT's A UK Headache
  • 3rd DISTRICT JOB & CAREER FAIR
  • Little League Baseball 2013
    • Little League Movie Night
  • 2012 Christmas Party
    • Fraser Says Thank You
  • District Softball 2013 League Opener
    • District Softball 2012 League Open
  • Under 10 August Basketball League
  • District Gets New Auto Parts Store
  • Gold Medalist Delroy Gordon Goes To Gallaudet University
  • BVI / UK Governments Agreement for Borrowing
  • One World Trade Center
  • About Fraser
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  • Fraser Says Thank You
    • Post Elections 2011
  • Fraser's Xmas Message
  • New Developments
  • ELECTIONS 2011
    • More Election 2011
  • Albion Bridge
  • Hannah Sea Cows Bay Sidewalk Project
  • Hometown Heroes
    • Roger Allen Hodge Park
  • Why BiWater
  • Sea Cows Bay Harbor
  • Earl Dennis Forbes Laid to Rest
  • De La Santa's Bakery
  • Virgin Islands Party 2014
  • VIP Into The Future
  • BVI at Money Laundering and Drug Trafficking Risk: US State Department
  • ACT Gets Fraser Dunked
  • Hon. Fraser's League Draft Made History
  • COVID-19 AID
  • NDP Muzzles Press
  • Famous Biographies
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The Real Truth Behind the Document

The Government of the Virgin Islands and Her Majesty's Government signed an Agrement referred to as: "Protocols For Effective Financial Management", on April 23rd 2012, the Document sets the parameters for all matters relating to the Financial affairs of the Central Government, particularly in relation to Borrowing, and Spending of Moneys.

This New Document replaced the former Document referred to as: Statement of Agreed Borrowing Guidelines", and is thought by many to be a retrograde step backwards in our relationship with the UK Government in this area.

At the Seventh Sitting of The First Session of The Second House of Assembly of The Virgin Islands: to be held on Friday June 29th (recessed till Tuesday July  3rd); The Hon. julian Fraser, RA will move a Motion to have A Special Select Committee of The Second House of Assembly of The Virgin Islands be appointed in accordance with Standing Order 78, to review these Protocols to determine the implications for the borowing privileges of the Territory and report back th the Honorable House.

Included for your edification is a complete text of the Motion along with a copy of the Protocols For Effective Financial Management", as signed on April 23rd 2012.

However, in order to get a thorough understand of the prose and cons of this Agreement, it is imperative that you tune in to the Debate on Tuesday July 3rd at 10:00 am on either TV Channel 51, or ZBVI Radio 780 on your AM dial.

THE MOTION

final_motion_on_protocals.pdf
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The Story Behind The Protocols

CRONOLOGY OF EVENTS REGARDING BVI FINANCIAL AFFAIRS AND THE Foreign & Commonwealth Office:
 1)   June 2010 Visit to London:
        Premier O'Neal & Hon. Fraser met with Minister Billingham of the UK; Minister for Overseas Territory
 
  2)  ~= Nov. 2010 FCO sent the Draft FFR
 3)  July 2011: Pre Consultative Meeting Scrub Island
        Premier O'Neal & Hon. Fraser represented the BVI             
4) Oct 2011 Deputy Premier Dancia Penn announced that HMG desired for us to submit our Budget for approval,    and that we were going to
     London to argue against it 

5) Nov 7th 2011 ELECTIONS    
         
Change in Government
6)  Nov 21st: Consultative Meeting London
       Premier Smith Requested time extension for FFR
7)  Feb. 2012: FCO Officers came to BVI                  
       Premier Smith (No report on the meeting’s outcome)

8)  April 2012: Protocols were signed Between HMG and BVIG
          Premier Smith & Minister Billingham

The Protocols

protocols_for_effective_financial_management.pdf
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