The Cabinet of the Virgin Islands has instructed the Recovery and Development Agency (RDA) to present to them a “winding-up” plan by November 2024, after declining their request to have a three-year extension of the agency.
This was confirmed in a recent Cabinet statement which revealed that the Chairman of the RDA Ronnie Skelton had submitted a request to the Cabinet to have the lifespan of the agency extended until December 31, 2026.
However, that request was denied as it was subsequently followed with a letter from Premier Dr. the Honourable Natalio Wheatley, which informed Chairman Skelton of an extension of 2 years and 8 months, giving the RDA an expiration date of December 31, 2025.
In addition, the Cabinet also decided that the RDA submit reports on a semi-annual basis on the progress of the requested plan and informed the Chairman that no new projects exceeding the extended life of the Agency should be undertaken.
The Premier’s Office also instructed the Attorney General’s Chambers to prepare the amendment to the RDA’s Act to extend the period of dissolution of the RDA, adding that it will be laid before the House of Assembly at the next convenient sitting.