Provision of Economic Advice to the Governments of: Anguilla, The British Virgin Islands, The Cayman Islands, The Falkland Islands and The Turks & Caicos Islands.
Start Date:
October 2004
End Date:
July 2010
Country:
Anguilla, British Virgin Islands, Cayman Islands, Falkland Islands, Turks & Caicos Islands
Client:
Foreign and Commonwealth Office
Funder:
Foreign and Commonwealth Office
Project Information
OPM has been contracted by the UK Foreign and Commonwealth Office (FCO) to provide economic consultancy inputs to the FCOs annual economic review missions to five Overseas Territories (Anguilla, the British Virgin Islands, Cayman Islands, Falkland Islands and the Turks and Caicos Islands). Each visit involves a review of the current financial position of the Government together with issues pertaining to general economic performance, public expenditure management and public sector governance.
Turks and Caicos Islands Revenue Study Report 2010 (452k) This Report describes and assesses the various options available to the Turks and Caicos Islands government for a revenue strategy to meet the needs of the medium term. The serious economic crisis that the economy now faces has arisen from a combination of three major shocks: global recession, hurricane damage and self-inflicted wounds from mal-administration. The agenda to deal with this crisis is multi-facetted: short term expenditure cuts, medium term improvements in public economic management and parallel medium term efforts to establish a more efficient revenue system. This OPM Report identifies options to enable the Turks and Caicos Islands to remain competitive in the markets in which it operates and for the government to deliver a reasonable level of services to the population.