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Human and Economic Assessment of Impact - British Virgin Islands
Human and Economic Assessment of Impact - British Virgin Islands
June 15, 2020
The report recommends examining the use of the framework created for the Financial Assistance Programme after Hurricanes Irma and Maria to provide temporary, expanded income support which would cost around USD$12 million at the lower end; exploring the provision of liquidity for small firms to preserve livelihoods through deficit financing or government guarantees; an extension to the periodfor work permit holders to find new jobs and the implementation of rapid work permit transfers tomitigate outward migration. Longer term, the report proposes a rigorous assessment of the current levelof poverty to inform the design and implementation of an expanded, gender-responsive Public Assistance Programme and the development of a permanent unemployment benefit fund.
