Search results for : finance
April 08, 2024
PM thanks Chinese government for financing stadium repairs
NASSAU, BAHAMAS — Prime Minister Philip Davis expressed gratitude to The People's Republic of China for financing the repairs being made to the Thomas A. Robinson National Stadium. He made the comments this afternoon during his remarks on the Formalization of the Renovation and Maintenance Project press conference. China gifted The Bahamas with the stadium [...]
Ministry of Finance dismisses concerns over GDP growth, citing 'encouraging' medium to long-term growth prospects
April 04, 2024
Ministry of Finance dismisses concerns over GDP growth, citing 'encouraging' medium to long-term growth prospects
NASSAU, BAHAMAS — The Ministry of Finance has refuted suggestions that the country's real GDP growth of 2.6 percent in 2023 signals trouble for the future, asserting that the nation's medium-to-long-term growth prospects are encouraging. The Ministry noted that the sluggish growth observed in the retail and utilities sectors should be seen as a one-time [...]
Bahamian firms cite access to finance as major or severe obstacle to conducting business
March 26, 2024
Bahamian firms cite access to finance as major or severe obstacle to conducting business
NASSAU, BAHAMAS — Bahamian firms have cited access to finance as a major or severe obstacle to conducting business, with only a small percentage reporting having a line of credit to access short-term funding. The Inter-American Development Bank's (IDB) recently released 2024-2028 country strategy for The Bahamas pointed to the Innovation, Firm Performance, and Gender [...]
New $200K BMW Approved by the Ministry of Finance
March 19, 2024
New $200K BMW Approved by the Ministry of Finance
NASSAU, BAHAMAS - A nearly $200,000 2024 BMW seems to be the latest in extravagant spending by the Davis administration.
March 13, 2024
Opposition shadow finance minister calls for proactive measures in Grand Bahama
NASSAU, BAHAMAS – East Grand Bahama MP and Opposition Shadow Finance Minister Kwasi Thompson yesterday urged the government to take more proactive measures to ensure that Grand Bahamians truly benefit from the much-touted $2 billion in investments slated for the island. Thompson argued that the two major investments, accounting for over $1 billion, were approved [...]
March 05, 2024
Op-Ed: Closing the gender investment gap – empowering women in finance
In the realm of finance, there exists a pervasive and detrimental disparity known as the gender investment gap. This phenomenon refers to the discrepancy in investment patterns between men and women, wherein women tend to invest less compared to their male counterparts. This gap not only perpetuates gender inequality but also undermines women's financial security [...]
March 04, 2024
Official Press Statement: The Bahamas Champions Food Security, Climate Finance, and Stability in Haiti at the 46th CARICOM Heads of Government Meeting
Prime Minister Hon. Philip Davis attended the 46th Regular Conference of the Heads of Government of CARICOM held in Georgetown, Guyana February 25th-28th accompanied by Minister of Foreign Affairs, Hon. Frederick Mitchell, Minister of Labour and Public Service, Hon. Pia Glover-Rolle, Minister of State for the Office of the Prime Minister Hon. Leon Lundy, and H.E. Leslia Miller-Brice, Ambassador of...
March 01, 2024
CARICOM MEETING: PM focusses on food security, climate finance, stability in Haiti
PRIME Minister Philip "Brave" Davis focussed on food security, climate finance, and stability in Haiti at the Regular Conference of the Heads of Government of CARICOM this week in Guyana.
The Bahamas in two decade long battle with "moving target" to avoid blacklisting, laments former finance minister
February 16, 2024
The Bahamas in two decade long battle with "moving target" to avoid blacklisting, laments former finance minister
NASSAU, BAHAMAS — The Bahamas, for the past 23 years, has been battling with a "moving target" in its efforts to avoid blacklisting, according to a former finance minister, who also noted individuals in developed countries do not have to contend with the same rigorous scrutinies of "know your customer" requirements as this nation. Zhivargo [...]
PM stresses need for climate financing as Bahamas Sustainable Investment Program is launched at COP28
December 01, 2023
PM stresses need for climate financing as Bahamas Sustainable Investment Program is launched at COP28
NASSAU, BAHAMAS — Prime Minister Philip Davis, while speaking at the COP28 conference, emphasized the urgent need for financing to support this nation's recovery and adaptation efforts. He touted The Bahamas Sustainable Investment Programme as a creative climate finance solution while speaking at the launch of the Bahamas Sustainable Investment Programme at COP 28, Prime Minister [...]
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