Hon. Lorna Smith, OBE, Minister for Financial Services, Labour, and Trade of the Virgin Islands, is leading a three-member delegation to the Cayman Islands as part of a fact-finding mission aimed at strengthening the Virgin Islands’ approach to business development and economic diversification.
The mission focuses on studying the Cayman Islands’ efforts to build a modern, business-enabling ecosystem, with particular attention to initiatives such as Cayman Enterprise City (CEC), Health City, Cayman Tech, and related institutions.
“The team is focused on identifying best practices and transferable lessons that can support the Virgin Islands’ own efforts to enhance its ease of doing business and foster economic diversification,” Smith said. “This experience will no doubt be of benefit to all participants including the delegation from the Virgin Islands, as we together seek similar goals — to find innovative ways to do business, and grow and strengthen our economy.”
During the visit, the delegation is scheduled to meet with several high-level Cayman officials, including Premier and Minister of Financial Services and Commerce, Honourable Andre Ebanks, and Deputy Premier and Minister of Tourism and Trade Development, Honourable Gary Rutty.
Other planned engagements include discussions with senior representatives from the Special Economic Zone Authority, the Chamber of Commerce, the Department of Commerce and Investment, and personnel from Customs, Immigration, and Labour.
Delegation members accompanying Minister Smith include Ms. Ayiesha De Coteau Sammy, Director of Investment Promotion; Dr. Lincoln Bobb, Deputy Director of Trade; and Dr. Dawn Alexander-Joseph, Policy Analyst II.
The Ministry of Financial Services, Economic Development and Digital Transformation said the mission is expected to help guide future policy planning and provide insights into building a competitive and resilient economy.
The Ministry is tasked with regulating financial institutions and services, promoting financial stability, and supporting economic growth across the Territory. It also oversees initiatives aimed at boosting investor confidence, consumer protection, and financial inclusion.
