Search results for : Banks
Central Bank: Tourism arrivals up 46.9%
October 04, 2023
Central Bank: Tourism arrivals up 46.9%
Total visitor arrivals year-to-date have increased by 46.9 percent compared to 2022 numbers, with sea arrivals dominating visitor numbers, according to the Central Bank of The Bahamas' (CBOB) latest Monthly Economic and Financial Developments (MEFD) for August 2023. In August, the Bahamian economy continued on its growth momentum as "the recovery from the COVID-19 pandemic neared ...
The post Cent...
October 05, 2023
RF Bank and Trust VP: Inflation will be with us for a while longer
Inflation is likely to be with The Bahamas for a while, given that interest rate hikes in the US to stem inflation will lead to higher costs being passed down, RF Bank and Trust Vice President of Investment Banking Jim Wilson said yesterday. Speaking to media on the sidelines of RF's Brunch and Learn series for World ...
The post RF Bank and Trust VP: Inflation will be with us for a whil...
Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
October 04, 2023
Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
NASSAU, BAHAMAS — The Central Bank is projecting that the Bahamian economy will sustain its growth momentum throughout 2023, largely bolstered by substantial increases in tourism output. Nevertheless, it is foreseen that the expansion rate will decelerate as various indicators gradually revert to their pre-pandemic levels. The Central Bank's projections were outlined in its August [......
October 03, 2023
PM calls on multilateral banks to do more for developing countries
Prime Minister Philip Davis yesterday called on multilateral development banks, especially the World Bank, to improve policies that will increase funding to developing countries facing climate-related crises.
October 02, 2023
African EXIM Bank capitalizes Bahamas Development Bank to the tune of $30M
By the end of November, the Bahamas Development Bank (BDB) will be in a position to begin issuing money to businesses it has held in its funding pipeline thanks to a $30 million capitalization for the bank from the African Export-Import Bank, BDB Chairman Senator Quinton Lightbourne said Friday.
October 02, 2023
$30 million capitalization 'shot in the arm' approved for Bahamas Development Bank
NASSAU, BAHAMAS — The Cabinet Office has approved a $30 million capitalization for The Bahamas Development Bank (BDB) from the African Export-Import Bank, the first capitalization approval for the bank in nearly twenty years. BDB chairman Senator Quinton Lightbourne made the announcement during a recent press briefing at the Office of the Prime Minister. Lightbourne [...]
September 29, 2023
$30m capitalisation approved for Bahamas Development Bank
BAHAMAS Development Bank (BDB) Chairman Senator Quinton Lightbourne on Friday said the Cabinet has approved $30m capitalisation for the bank.
September 19, 2023
Bahamas Development Bank to Bridge Global Funding and National Development
The Finance in Common Summit recently held in Colombia gathered national development banks (NDBs), including The Bahamas Development Bank (BDB), and emphasized the major role they play as a link between international and domestic finance related to project development financing and micro, small and medium enterprises (MSME) lending.
September 19, 2023
Bahamas Development Bank to bridge global funding and national development
NASSAU, BAHAMAS — The Finance in Common Summit recently held in Columbia gathered national development banks (NDBs), including The Bahamas Development Bank (BDB), and emphasized the msignificantrole they play as a link between international and domestic finance related to project development financing and micro, small and medium enterprises (MSME) lending. The event noted that $4-5 [.....
September 15, 2023
The Governor of the Central Bank of The Bahamas and the Governor of the Bank of Botswana have discussion as part of the State Visit of the President of Botswana
Governor of the Central Bank of The Bahamas John Rolle met, in a courtesy call, with Governor of the Bank of Botswana Moses Pelaelo at the Central Bank, September 13, 2023 as part of the official State Visit of the President of Botswana to the Commonwealth of The Bahamas, September 12-15, 2023.
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