MercoPress. South Atlantic News Agency

Falklands refreshes long term Economic Development Strategy

The goal is to deliver a refreshed and updated Economic Development Strategy that provides a realistic delivery plan for the next five years

The Falkland Islands Government announced that on Wednesday the Executive Council approved the Terms of Reference to update the Falkland Islands Economic Development Strategy. The existing EDS was published in October 2010 following an extensive, two-year consultation process, and was intended to provide a blueprint for economic growth and development to 2025.

 “We have decided that it is time to review what has been accomplished since we first adopted the EDS and to re-visit our assumptions and priorities, ensuring that our plan reflects and incorporates current economic, social and political realities”, pointed out the official release.

The review timeframe is ambitious and FIG will soon initiate a program of consultations with industry groups, individual businesses and community members to gather insight from a wide range of stakeholders on what is required to maximize the economic potential of the Falkland Islands.

The goal is to deliver a refreshed and updated Economic Development Strategy that provides a realistic delivery plan for the next five years and continues to build a solid path to a prosperous future.

A review was suggested by a number of industry representatives over recent months and FIG looks forward to engaging with people across the community over the coming weeks, concludes the official release.