A Downing Street spokesperson said:
“The Prime Minister welcomed leaders from 10 British Overseas
Territories to Downing Street for the start of their annual Joint
Ministerial Council meeting. She opened by setting out the
Government’s desire to cement the enduring partnership that
exists between the UK and the Overseas Territories, and the UK’s
ambition to support their diverse economies and natural heritage.
“The PM reiterated the UK’s commitment to long-term
reconstruction efforts following the devastating consequences of
Hurricanes Irma and Maria, and invited Territory leaders of the
islands worst affected – including Anguilla, the British Virgin
Islands and Turks and Caicos – to speak of their experiences. As
part of the UK’s continued efforts, the Prime Minister confirmed
a new £70 million package of recovery and reconstruction support,
supplemented by up to £300 million of UK loan guarantees for
territories that need support to access finance. The leaders
welcomed the financial commitment, and reiterated their
appreciation for the UK’s rapid response that offered support
within hours of the disaster.
“The Prime Minister took the opportunity to update the leaders on
the progress of our discussions with the European Union, and
invited leaders to express their views so they could be properly
reflected in our strategy for Brexit negotiations.”
“She also raised the issue of financial services, noting the
increased focus on taxation and transparency that have come to
the fore since the recently leaked Paradise Papers. The PM
recognised that a lot of work had been done following the Panama
Papers last year. She thanked the Territories for the leadership
they have already shown, including steps they have already taken
to implement international standards, and asked for similar
leadership to show what more can be done to make further progress
on the issue.”
