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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