As the urgent need to find a resolution to the conservatorship of the island’s two indigenous banks continues to occupy the thoughts of everyone, Chief Minister, Victor Banks, has re-emphasised the Government’s commitment to finding a workable solution to the more than two years’ financial problem. He repeated that undertaking when he addressed the Annual General Meeting of the Anguilla Hotel and Tourism Association (AHTA) on Saturday, November 21 at Viceroy Resort.
The Chief Minister (and Minister of Tourism and Economic Development) has been preoccupied with the banking situation since assuming office in April this year. It was therefore understandable, during his address to the AHTA, that he shifted briefly from his discourse on tourism matters to comment on the island’s banking sector – a major important contributor to the financial and economic development of Anguilla.
“The banking sector is an important aspect of our development,” he told the AHTA. “If we do not have a stable banking sector, persons are not going to come in to invest; it is going to be more difficult for people coming to Anguilla to transact business, and for operators in Anguilla to transact business to get goods and services here. As a whole, the confidence in a destination has a lot to do with the quality of the financial services it offers. I want to say to you tonight, as I must say to every audience to whom I come in contact with, and to speak to, that the Government of Anguilla will be successful in solving or fixing the banking situation.”
