His Excellency the Governor, Dr. John Freeman, chaired the 22ND meeting of the Cabinet on Thursday, 5th October 2017, at the Hilly Ewing Building, Providenciales.
At this meeting Cabinet:
Noted the receipt of a request from S&P Global for information related to hurricane damage on TCI. A response will be provided in due course;
Advised His Excellency the Governor on the potential financial impact of Hurricanes Irma and Maria and requested further information to be provided for consideration at Cabinet’s next meeting;
Advised His Excellency the Governor to approve the inclusion of a Trans-shipment fee within the Tariff Schedule to the Ports Authority (Stevedores, Fees and Charges) Regulations 2008;
Received an interim paper from the Hon. Premier on the formation of a Recovery Task Force following Hurricanes Irma and Maria;
Advised His Excellency the Governor to approve the extension of a client relief programme to the holders of performing loans in the portfolio formally managed by TCInvest;
Received an information paper from the Hon. Premier, as Minister of Finance, Trade and Investment, updating Cabinet on expenditures that may be funded from the Contingency Fund as a result of Hurricanes Irma and Maria;
Received an information paper from the Hon. Minister of Education, Youth, Sport and Library Services on the resumption of public schools. The Ministry of Education will make a public announcement on this matter;
Advised His Excellency the Governor to approve a paper from the Hon. Minister of Tourism requesting support for a proposed 90-day tourism strategy on the basis of a cost-sharing arrangement with the private sector;
Received an update from the Hon. Premier, as Minister of Finance, on the latest financial position of the National Health Insurance Board (NHIB) including measures to reduce expenditure. His Excellency the Governor raised particular concern about the financial position of NHIB and Cabinet discussed ways to address this;
Received an update from the Hon. Deputy Premier on work being taken forward by the private sector to improve the provision of community housing. Cabinet will receive a further update in due course.
Received an update from the Hon. Minister of Home Affairs on the ramping up of the enforcement of immigration laws following Hurricanes Irma and Maria. Cabinet agreed a public announcement on this matter would be made.
Further information on these matters will be provided by Ministers in due course.
