‘People are working hard’ to implement CoI recommendations in VI- Gov Pruce
The comments came during Governor Pruce’s first CoI Quarterly Review published on May 24, 2024, when he shared plans to request a final extension of the deadline for the full implementation of reforms from May 31, 2024, to August 31, 2024.
“The experience I've had of working with colleagues on the CoI has been a positive one. People are working hard to get around problems, get around delays,” he said.
“Of course, there's a sense of disappointment that we haven't yet achieved the deadline that was set before us at the end of May and I think all parties involved in this feel that as professionals that are committed to achieving what we set out to achieve. It would be misleading to deny that,” he added
The Governor said, however, equally those involved are committed to achieving what they set out to achieve for the end of August as the new deadline.
Mutual Evaluation Report
Meanwhile, in wider areas relating to the financial sector, the Governor commented on the Mutual Evaluation Report of the Virgin Islands by the Caribbean Financial Action Task Force (CFATF) and added that it is an area where he has seen a lot of work and a lot of engagement being put in place to respond to the recommendations of that report and to address the points raised by it.
He said a final assessment of progress should take place after August, with a clear overall conclusion on whether the CoI recommendations have taken root.
While a new August deadline has been set, the quarterly report also left options open for additional powers to the Governor and recourse to the reserved Order in Council to suspend the VI Constitution if necessary.
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