|
From February 2011 to January 2012, the Department of International Development (DFID) provided £1.7 million in technical assistance to the Turks and Caicos Islands (TCI). This paid for the costs of a range of technical expertise, including a chief financial officer, to help the TCI Government (TCIG) address their structural deficit designed to put them on a course towards a sustainable fiscal surplus in the financial year 2012-13.In February 2011, DFID arranged a HM Treasury guarantee to provide TCIG with access to a commercial borrowing of up to US$260 million over the following five years. |