MBA Colleges in Central America

By | January 15, 2023

MBA Programs in Central America

Virgin Islands, British

The Virgin Islands (Virgin Islands) was thus named by Columbus in 1493 as a tribute to Santa Ursula and its 11,000 virgins. When Columbus arrived, the islands were populated by cariber and Arawak people, but by the middle of the 16th century the Europeans had succeeded in exterminating them all.

From 1872, the archipelago was incorporated into the British administration of the Caribbean islands, administered on the basis of federal principles. The federation was dissolved in 1956, but until 1960 the governor remained responsible for the administration of the British Virgin Islands. This year, the administration transitioned to an administrator appointed by the British Crown. Unlike the other British Isles, the Virgin Islands did not form part of the West Indies (1958-62), but instead wanted to make close links with the other part of the archipelago controlled by the United States (see Virgin Islands, American).

The British became owners of the eastern part of the archipelago in the 18th century, and with African slave labor they built up a production of sugar cane, the dye indigo and cotton. By the middle of the 18th century, the slave population was already 7,000 people – 6 times more than the British settlers. It was not until the 1830’s that slavery was abolished.

In the 20th century, the colony was ruled on the basis of a variety of constitutions. In 1967, the country gained its first government, after the first elections in the country’s history. In 1977, the Constitution was amended to expand self-government and implement changes to the electoral system. Responsibility for defense, internal security and foreign policy remained in the hands of the governor. He was appointed by the British Crown.

In the 1979 parliamentary elections, the independent candidates won 5 of the 9 seats. The Virgin Islands Party (VIP) won the remaining 4.5 years later the Independents won only one seat, but through an alliance with United Party (UP) managed to get the Prime Minister post.

Tourism contributes 45% of national income, while fishing is the traditional profession. With the elimination of taxes, the islands became an ideal place for banking. Sand and gravel are the two most important export items, while examining the islands’ subsidence for copper deposits.

In August 1986, the British government dissolved the parliament and held new elections a few days after the opposition presented a vote of no confidence in Chief Minister Cyril Romney. In the September elections, VIP won 5 of the 9 seats, UP 2 and the independent 2nd VIP’s leader, Levity Stoutt was appointed new Chief Minister.

In March 1988, Prime Minister Omar Hodge was accused of corruption and resigned. He was replaced by former UP leader Ralph O’Neal, who joined VIP. However, Omar Hodge maintained his innocence. In March 1989, he created a new party, the Independent Popular Movement (IPM), and in 1990, Hodge won a case in the courts for defamation.

In the November elections, VIP increased its number of seats to 6, while IPM gained 1 and the independent 2. Stoutt retained the post of prime minister and O’Neal was elected prime minister.

Due. drug trafficking and following recommendations from the UK government, a law was passed to monitor foreign banking companies. They needed to be licensed to operate, and had to accept periodic inspections. The authorities believed that the banks were largely involved in money laundering.

In October 1991, Peter Alfred Penfold was appointed governor.

As a result of the rapidly rising tourism on the coasts, the environment was exposed to increasing pressure. This was especially true of the coral reefs.

In the February 1995 election, VIP regained its 6 seats, IPM gained 3, while Concerned Citizens Movement (CCM), like UP, gained 2. Following H. Lavity Stoutt’s death, Ralph O’Neal took over the post of prime minister on May 15, 1995, and the month after David Mackilligin was appointed new governor.

In 1995, only 3% of the population was affected by unemployment, economic growth was 4% and per capita income was $ 10,200. In July 1997, the government adopted a three-year development plan, which included: included an extension of the port and the building of 2 tourist centers.

In 1998, the British Crown appointed Frank Savage as governor. In the May 1999 election, VIP received 38% of the vote and 8 seats. The National Democratic Party got 36.9% and 5 seats, while the remaining 4% went to CCM, which got 1 seat. The independent candidates obtained a total of 13.4% of the vote, but due to the distribution of votes no one was elected.

The government implemented road works and other infrastructure projects in the outer islands, and in its December 2001 submission of the 2002 budget, O’Neal emphasized the importance of infrastructure for tourism development at Virgin Gorda, Anegada and Jost Van Dyke.

In May 2004, a new office was created to combat money laundering. Chief Minister Orlando Smith declared that the Financial Investigation Agency should step up efforts to ensure honesty and transparency in financial matters.

In July 2007, Prime Minister Smith postponed elections on August 20. Acc. At the end of his term, Smith had fulfilled 90% of his government base. The election became a landslide victory for the Virgin Islands Party, whose leader Ralph T. O’Neal was deployed as prime minister.

Orlando Smith’s National Democratic Party won the November 2011 parliamentary elections with 52.5% of the vote and Smith became new prime minister.

Crime is far lower in the British Virgin Islands than in the North American. At the same time, the North American narcotics DEA has been pushing for many years to pursue alleged smugglers through British waters. Although agreements have been established, there are still major problems with the delivery of captured smugglers to the United States.

Until the start of the global economic crisis in 2008, BVI had a surplus on the state’s finances, but the state has since accumulated an increasing deficit. Public debt rose to DKK 113 million in 2012. US $, equivalent to 10.3% of GDP. However, it was still far below European level. Despite attempts by the UK and BVI to deny it, BVI still plays a key role as a tax haven.

BVI was badly hit by Hurricane Irma in September 2017. It cost about 10 people’s lives and went hard over Tortola. The British colonial power was very slow to send disaster relief to the islands and to start reconstruction. Instead, the colonial power sent its Secretary of State Boris Johnson, who, however, had neither building materials nor the ability to operate a bucket.

Visit the official website of to find abbreviations starting or ending with Central America or Caribbean.

Welcome to the top MBA directory in North America. We have created the list of best Central American business colleges that provide BBA, MBA or DBA programs. Most business schools offer full-time, part-time and executive education. Such rankings are based on the student surveys, alumni reviews, admissions profiles, employment rates, average starting salary and peer school assessment. To find out detailed information about admissions and career about each school in Central America, just follow the link below.

Ranking School Name City and State
1 Global Humanistic University Willemstad , Curaçao
2 Universidad Ana G. Méndez San Juan , Puerto Rico
3 Escuela de Negocios Alto Nivel – Universidad Panamericana de Guatemala Guatemala City , Guatemala

Note: According to Countryaah, there are 24 countries in Central America. Among these countries and regions, United States host the Central America leading 10 famous business MBA programs.