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The Falkland Islands Government confirmed on Thursday that, following a detailed review of updated fiscal and economic information, supported by a process of confidential interviews with FIG officers and representatives of the business community, S&P Global Ratings have confirmed the sovereign rating for the Falkland Islands remains at A+ with a stable outlook.
3 June 2021
WITH a strong economy and the contribution made in particular by the fishing industry, along with farming, construction and in normal years tourism, the finances of Falkland Islands Government remain stable, the Financial Secretary Tim Waggott assured Members of Legislative Assembly at this year’s Budget session on Tuesday.
Photo: £24.6m for health and wellbeing – the hospital Stanley Falklands
He cautioned: “We do, however remain mindful of the continuing global challenges of the moment.
“Stability and continuity are at the heart of the Falkland Islands Government Budget for 2021/22,” it was noted in a later press release. The two themes were essential in the time of continued uncertainty stemming from the global COVID-19 pandemic and the work on global recovery, it was emphasised.