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Hon. Lorna G. Smith Accepts New Role Amid Economic Challenges in the Virgin Islands

With the territory facing economic uncertainty, Hon. Lorna G. Smith, OBE, is stepping into her new role with a clear message: unity and decisive action are needed now more than ever.
Speaking during a special announcement on Tuesday, March 3, Smith acknowledged the challenges ahead but made it clear that she’s committed to strengthening the Virgin Islands’ economy and ensuring key industries—especially financial services—remain competitive.
“As the Premier has rightly said, we face turbulent times. We must rise above personal and political differences and stand together for the good of our people and the future of the Virgin Islands,” she said.
Hon. Smith, a seasoned leader with years of experience in international relations and economic development, recently returned from a BVI delegation trip to Asia, where discussions centered around investment opportunities. She sees promise for the territory but cautioned that global economic pressures require smart, strategic planning to keep the Virgin Islands on solid ground.
“How we respond in this critical moment will determine our continued positive standing—not only in Asia but on the global stage,” she said.
One of Smith’s key priorities is making the financial services sector more accessible to Virgin Islanders. She pointed to initiatives like the Financial Services Bootcamp, which provides training and career pathways, as steps in the right direction.
“More Virgin Islanders need to see themselves in this industry—not just as bystanders, but as active participants and beneficiaries,” she emphasized, pushing for workforce development and innovation, especially in emerging areas like FinTech.
Beyond financial services, Smith is also focused on diversifying the economy and creating new investment opportunities. She highlighted programs like Roots to Resilience, which she founded to promote community engagement and economic growth, as examples of the forward-thinking approach needed to build a stronger Virgin Islands.
“Our future success depends on innovation, strong regulation, workforce development, and a commitment to diversification,” she said. “The more we invest in making our communities vibrant and economically strong, the more we attract those who wish to invest in us.”
Smith expressed gratitude to Premier Natalio Wheatley for entrusting her with this role, making it clear that for her, this is about service—not personal ambition.
“Now is the time for leadership, unity, and service above self. Together, let us secure the future of the Virgin Islands,” she concluded.
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Lorna G. Smith Appointed as Territory’s First Minister of State
Hon. Lorna G. Smith, OBE, has been appointed as the Virgin Islands’ first Minister of State for Financial Services and Economic Development, marking her return to government after her dismissal in October 2024. The announcement was made by Premier Hon. Natalio Wheatley in a special statement, stressed the need for experienced leadership amid global economic uncertainty.
“These are strange and uncertain times, and we need all hands on deck to manage the global economic headwinds ahead of us,” Premier Wheatley said. “Hon. Smith’s invaluable support during my recent mission to Asia and the international respect she commands in the field of financial services clearly demonstrated that her experience would be best utilized as a member of the Government.”
Smith’s new role comes with significant responsibilities, including oversight of financial services, domestic banking, economic diversification, investment promotion, trade, and consumer affairs. Additionally, she will work closely with foreign governments, international organisations, and stakeholders to ensure the Virgin Islands’ economy remains strong. She will also have direct oversight of the Financial Services Commission, the International Tax Authority, BVI Finance, and the Department of Trade and Investment Promotion.
Smith’s return to government comes just over four months after her abrupt dismissal from her previous role as Deputy Premier and Minister of Financial Services, Labour, and Trade. At the time, Premier Wheatley cited concerns over political stability, stating, “She did not give me the confidence that she would remain with my administration for the duration of this term.”
Her removal was met with speculation about her political future, especially after she denied reports in early February that she was in discussions to rejoin the Virgin Islands Party (VIP). “It is not true. I continue to serve the people of this territory to the best of my ability as an independent member of the Opposition to date,” Smith said at the time.
Despite this, her return to government signals a shift in political dynamics. Premier Wheatley, in his announcement, acknowledged her expertise as a key asset to his administration. “I am personally pleased to have her back and to have her support,” he said, noting that her new position as Minister of State is a senior role, reflecting her experience and reinforcing her authority when dealing with external stakeholders.
As Smith assumes her new responsibilities, Karl Dawson, the outgoing Junior Minister for Agriculture and Fisheries, will step down from his ministerial role but continue as Deputy Speaker of the House of Assembly. Wheatley praised Dawson for his contributions, stating, “I commend him for his dedication and commitment to our farmers and fisherfolk.”
Smith’s appointment comes at a critical time for the territory as the government navigates economic challenges, including potential global financial shifts and the impact of international tariffs. In light of these concerns, Premier Wheatley emphasised the importance of a strong economic leadership team. “We will work very closely together to ensure consistency and cohesion of government policy,” he said.
With her extensive background in financial services and economic development, Smith is expected to play a pivotal role in steering the Virgin Islands’ economy toward resilience and growth.
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Empowering Caribbean Women to Take Flight: A Call for Change in Aviation

The aviation industry offers significant opportunities for global connection and career advancement, yet gender diversity remains a challenge. Kurt A.G. Menal, Managing Director of the BVI Airports Authority Ltd, highlights the critical need for Caribbean women to enter aviation fields.
Menal stresses the importance of breaking down societal stereotypes, stating, “The aviation industry has historically been male-dominated, with outdated views discouraging young women from considering careers in piloting, engineering, air traffic control, and airport management.” He emphasises that promoting the inclusion of Caribbean women in aviation not only challenges these stereotypes but also aligns with global movements advocating for gender equality in all sectors.
As the demand for skilled workers in aviation continues to grow, Menal asserts that Caribbean women can play a pivotal role. He notes, “The aviation industry is experiencing unprecedented growth. By encouraging more women to pursue aviation careers, we can help fill the skills gap and create a workforce that better reflects society as a whole.”
Economic empowerment is another strong argument for encouraging women to join the industry. Menal explains, “The aviation sector offers well-paid, stable jobs, which can empower women to achieve financial independence and support their families.”
Moreover, Menal underscores the positive impact of representation on future generations: “When women succeed in male-dominated industries, they create a ripple effect. A Caribbean woman who becomes a pilot can inspire other girls to consider careers in aerospace, continuing the cycle of empowerment.”
He also highlights the importance of diversity in fostering innovation: “Diverse teams are better at problem-solving and generating creative ideas. In aviation, this is crucial for safety and efficiency.”
Menal advocates for increased support from governments and institutions to make aviation careers more accessible to Caribbean women, stating, “Governments and aviation organisations need to work together to remove barriers to entry and provide opportunities for women, such as scholarships, mentorship programmes, and internships.”
In conclusion, Menal asserts that the future of Caribbean aviation depends on a diverse and inclusive workforce: “The Caribbean region has a rich cultural heritage, and its women possess the resilience and leadership skills needed to thrive in aviation. It’s time to recognise this untapped potential.”
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