Finance

DPM Turnquest Explains the Government’s Approach for Obtaining the Bulk of its Foreign Currency Funding

October 24, 2020

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest stated that one of the Government’s financing goals this year was to approach the international capital markets for the bulk of its foreign currency funding...

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The Bahamas Development Bank is moving to Robinson Road
The Bahamas Development Bank is moving to Robinson Road

October 23, 2020

After three decades of renting the iconic pink building on the Cable Beach strip, The Bahamas Development Bank is moving. The Bank has contracted McBrady’s enterprises to develop its newly purchased premises on Robinson Road...

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Ministry of Finance Official Statement
Ministry of Finance Official Statement

October 14, 2020

Following the announcement of a US$600 million issue of 8.950% bonds on the international market, the Ministry of Finance advises the public that it will provide an update on all of the Government’s borrowing activities consistent...

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The Bahamas successfully prices US600 million Bond Offering
The Bahamas successfully prices US$600 million Bond Offering

October 13, 2020

‘Positive response from investor community reflects ongoing market confidence...’Amidst global market volatility driven by a resurgence of COVID-19 cases globally, as well as increasing uncertainty around the upcoming U.S. elections...

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Remarks by Deputy Prime Minister and Minister of Finance The Hon. Peter Turnquest on the one year-anniversary-The Small Business Development Centre

October 06, 2020

Much has been said today about the success and the future direction of the Access Accelerator Small Business Development Center...

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Bahamas Makes significant Strides in Fight Against Financial Crime: Update on The Bahamas' National Identified Risk Framework
Bahamas Makes significant Strides in Fight Against Financial Crime: Update on The Bahamas' National Identified Risk Framework

September 28, 2020

The onsite review by the Financial Action Task Force’s International Cooperation Review Group (ICRG) of the Americas was slated to take place before mid-September 2020...

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There's no quick fix to redirect economy
There's no quick fix to redirect economy

September 23, 2020

AMID calls for more diversification of the country's economy, Finance Minister Peter Turnquest said while officials will continue to have discussions on this, it is still "unrealistic" for the country to move away from its leading tourism industry...

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Learn More About The Bahamas' New Digital Currency-The Sand Dollar
Learn More About The Bahamas' New Digital Currency-The Sand Dollar

September 21, 2020

Is the new Sand Dollar Digital Currency a Cryptocurrency...

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IDB Releases Damage and Loss Assessment report on Hurricane Dorian Damages and Recovery Recommendations
IDB Releases Damage and Loss Assessment report on Hurricane Dorian Damages and Recovery Recommendations

September 16, 2020

The Inter-American Development Bank has released a comprehensive Damage and Loss Assessment (DALA) report outlining the effects and impacts of Hurricane Dorian, with key recommendations made for a sustainable recovery for The Bahamas...

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Pyramid schemes cash in on crisis
Pyramid schemes cash in on crisis

September 16, 2020

THE Securities Commission of the Bahamas has reissued warnings against falling victim to Ponzi and pyramid schemes which promise large payouts after a person pays a sum of money under the guise of an investment plan...

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Government Enforcing the Planned Cut in Non-Essential Expenditure Allocations

September 10, 2020

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest explained how the Government is going to implement its fiscal and economic plan in response to the ongoing COVID-19 pandemic in the House of Assembly on Wednesday, September 9, 2020...

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Minister of Finance Report
Minister of Finance Report

September 09, 2020

The COVID-19 experience has changed the future economic landscape for The Bahamas and countries around the world, forever...

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Ministry of Finance Covid-19 Update Communication

September 09, 2020

Today, I will present an update on the fiscal and economic plan that the Government is currently implementing; this is the Resilient Bahamas Plan outlined during the budget exercise in June...

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The Bahamas Government to support US candidate for Inter-American Development Bank Presidency
The Bahamas Government to support US candidate for Inter-American Development Bank Presidency

September 04, 2020

The Bahamas Government announces today that it will support the United States candidate, Mr Mauricio Claver-Carone, to fill the vacancy of the presidency of the Inter-American Development Bank (IDB)...

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IDB Highlights Results From COVID-19 Socioeconomic Survey

September 02, 2020

A new survey by the Inter-American Development Bank sheds further light on the impact of COVID-19 in the country, detailing the pandemic’s effect on Bahamian households and livelihoods...

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Cooper calls for deeper insight on state finances
Cooper calls for deeper insight on state finances

September 01, 2020

WHILE castigating the Minnis administration for its lack of a plan to mitigate economic fall out due to COVID-19, the Progressive Liberal Party is urging the government to disclose more specifics about the country's financial footing...

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‘Integrity of the public treasury remains intact’

August 27, 2020

I note the request submitted yesterday by the shadow Minister of Finance I. Chester Cooper, requesting to “examine the state of the Treasury”...

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Cooper calls on govt to detail state of treasury
Cooper calls on govt to detail state of treasury

August 27, 2020

PROGRESSIVE Liberal Party deputy leader Chester Cooper yesterday called on the government to provide a report on the current state of the Public Treasury and all loan agreements approved for this year...

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Where's the plan on what we do next
Where's the plan on what we do next

August 26, 2020

A FINANCIAL expert contended yesterday that the government's comprehensive long-term post-coronavirus plan should already have been presented to Bahamians...

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cotiabank Announces Operational Changes for New Providence Branches between August 19 - 21

August 20, 2020

Scotiabank confirms that 3 of its branches in New Providence will be open to the public during August 19 – 21, 2020...

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