A copy of the Turks and Caicos Islands report on its progress was issued yesterday from London and the Joint Ministerial Conference where the premier, deputy premier, governor and minister of finance are in attendance.
Based on the report the other UK overseas territories are being told that the TCI is thriving and is likely to see many developments in several areas. Some of the highlights… a forecast 3.4% growth for the TCI economy in 2013; and a campaign to boost local investments and attract investors from outside of the TCI. Also plans aimed at encouraging local entrepreneurship especially in the manufacturing industry are said to be in the developmental stage.
The report mentioned plans to improve infrastructure such as roads, classrooms and other capital projects some of which are already ongoing. The progress report did not fail to expose the current high electrical costs faced by residents of the TCI but added that the government is working to re-negotiate agreements which restrict individuals from generating their own electricity from renewable sources.