BVI Finance Articles

The African continent’s impressive economic growth in the last decade is well documented with countries like Ethiopia, Nigeria and Kenya consistently ranking among the world’s fastest growing economies. According to World Bank estimates, sub-Saharan Africa had a collective GDP of just over $1.7 trillion in 2019, which is expected to rise in the coming years.

International Financial Centres (IFCs) have undergone profound change over the past few years. From seismic shifts in global regulation through to the growing and increasingly diversified demand for financial services and innovative products, these developments have led to a widening of horizons and increasing sophistication of the offshore corporate services industry.

Over the last 30 years, the British Virgin Islands (BVI) has played an increasingly important role in the global economic landscape. While much has changed in this period, the BVI’s core principles of agility and innovation have stayed firm and enabled it to remain at the forefront of global development and progress.

The special report, “2022 Offshore solutions in the British Virgin Islands (BVI)”, delves into the products and services offered by Asia’s offshore jurisdiction of choice – the BVI. In 2022, there are many reasons to be optimistic about a resurgence in global investment, growth and productivity.

One of the topics under discussion at this year’s World Economic Forum meeting in Davos Switzerland was: Is there a future for globalisation? The pandemic, the war in Ukraine, rising energy and food prices, supply chain disruptions, global warming: these challenges threaten to destabilise decades of steady advances.

International Financial Centres (IFCs) have undergone profound change over the past few years. From seismic shifts in global regulation through to the growing and increasingly diversified demand for financial services and innovative products, these developments have led to a widening of horizons and increasing sophistication of the offshore corporate services industry.

The author of this article argues that as Asia and the rest of the world begin to rebuild their economies, the role IFCs play will continue to be of great importance.

Elise Donovan is CEO of BVI Finance With the second anniversary of COVID-19 now behind us, there are many reasons to be optimistic about a resurgence in global investment, growth and productivity. Emerging and developing economies are displaying impressive resilience and, with the help of global finance and investment, are making strides in the areas of financial technology, digital infrastructure, and green energy.

I had the honour of attending the African Mining Indaba conference in Cape Town earlier this month, alongside a number of high-profile investors, suppliers and other stakeholders from over 40 African countries.

BVI Finance Interim Executive Director Lorna Smith, OBE, shares here views from the 2018 BVI Asia Trade Mission.