Micronesia

Recent studies of global broadband and mobile data pricing from United Kingdom-based telecommunications provider Cable.co.uk haven’t turned out well for the Virgin Islands, which has consistently shown to have some of the highest prices in the world for those services.

However, when it comes to electricity, the VI ranks near the middle of the pack regionally.

Just 11 out of 28 Caribbean countries have cheaper electricity than the VI, according to a study released last month from the company.

Minister of Finance, Camillo Gonsalves says a December 2 Bloomberg News Wire report falsely suggests that the International Monetary Fund (IMF) says this country is on the brink of ‘economic collapse’. 

 “Nowhere in the IMF blog post cited by Bloomberg does IMF managing director Kristalina Georgieva mention SVG. Not once; look it up,” Gonsalves commented to SEARCHLIGHT on Monday.  

 The comment was in reference to an article on BNN Bloomberg written by Ana Monteiro with the headline, “IMF Warns of Economic Collapse in Poor Nations Without Debt Fix.”