Search results for : Loan
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
October 17, 2023
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
NASSAU BAHAMAS — The Liwathon Group, a global leader in the energy sector, has announced that it has secured approval from the US Export-Import Bank of the United States (EXIM) for a loan guarantee exceeding $71.3 million, which will support the upcoming relaunch of the South Riding Point energy terminal on Grand Bahama. Commenting on [...]
October 10, 2023
Pintard criticizes government over Saudi Loan and non-compliance with Procurement Act
NASSAU, BAHAMAS - Opposition leader Michael Pintard is slamming the Davis administration over recent comments regarding a $70 million Saudi loan and the government's delay in complying with the Procurement Act. Pintard said in a statement, "Instead of doing the right thing and offering a heartfelt apology for them breaking the law yet again by [...]
Halkitis: No laws broken with Saudi loan agreement
October 06, 2023
Halkitis: No laws broken with Saudi loan agreement
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper broke no laws when he a signed a $70 million loan agreement with the Saudi Fund for Development (SFD) in Saudi Arabia last week, Minister of Economic Affairs Michael Halkitis said yesterday. Halkitis said that Cooper, at times, acts as the minister of finance. "We understand ... ...
The post Halki...
September 29, 2023
FNM claims Saudi loan agreement signed contrary to law
The Free National Movement (FNM) released a statement yesterday claiming the Progressive Liberal Party (PLP) government broke the law after Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper signed a $70 million loan agreement with the Saudi Fund for Development (SFD) on Wednesday while in Saudi Arabia.
September 28, 2023
Govt gets $70 mil. Saudi loan for Exumas airport facilities
The government of The Bahamas signed a loan agreement with the Saudi Fund for Development (SFD) for $70 million, that will go toward funding airport infrastructure in the Exumas, a press statement released by the fund yesterday explained. Minister of Tourism, Investments and Aviation Chester Cooper, who is currently in Saudi Arabia, signed the loan agreement and also ...
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IDB approves $160 million loan to The Bahamas to improve natural disaster risk governance
April 14, 2023
IDB approves $160 million loan to The Bahamas to improve natural disaster risk governance
NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has approved a US$160 million loan to The Bahamas for policy reforms to improve its natural disaster risk governance. According to the IDB, the operation seeks to create better governance conditions for implementing public policies for risk identification and reduction, disaster preparedness, recovery, and financial protection...
July 21, 2023
Govt signs $10 mil. loan facility with Saudi Arabia for tourism development
The Bahamas signed a $10 million loan facility with the Kingdom of Saudi Arabia that will help this country to enhance the economic development of the tourism industry, through the development of the Tourism Development Corporation's (TDC) business incubation centers, the Ministry of Tourism, Investments and Aviation announced in a statement yesterday. The statement explai...
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
July 21, 2023
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
NASSAU, BAHAMAS — The Ministry of Tourism yesterday announced that the Kingdom of Saudi Arabia and the Government of The Bahamas have executed a $10 million loan agreement to fund the Tourism Development Corporation's Business Incubation Centres. The project includes the construction and rehabilitation of two-story facilities on New Providence, Grand Bahama and Exuma including [...]
U.S. Court Strikes Down Student Loan Plan
July 01, 2023
U.S. Court Strikes Down Student Loan Plan
USA - The U.S Supreme Court has struck down US President Joe Biden's proposal to wipe out billions in student debt.
Saudi Arabia, govt agree on $10 mil. loan facility
June 20, 2023
Saudi Arabia, govt agree on $10 mil. loan facility
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper yesterday announced that the Kingdom of Saudi Arabia has entered into a $10 million loan facility agreement with the government to fund the Tourism Development Corporation's business incubation centers.
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