IDB loan to help with nat'l COVID-19 vaccination strategic plan

A $20 million loan from the Inter-American Development Bank (IDB) is expected to strengthen the country's emergency operations in the wake of the COVID-19 pandemic. The just approved loan is pegged to be the answer to the county's health service challenges as the COVID-19 war rages on, by helping to reduce morbidity and mortality caused ...
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Private sector loan arrears up nearly ten percent

Private sector loan arrears grew nearly ten percent between July and September, which the Central Bank of The Bahamas (CBOB) indicated signals the conclusion of some COVID-19 loan deferral programs. Those loan arrears grew by $61.4 million or 9.7 percent, pushing the ratio of arrears to loans in that category up more than a percentage ...
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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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Kingdom of Saudi Arabia provides $10 million loan to boost TDC business incubation centers

NASSAU, BAHAMAS — The government has agreed to a $10 million loan facility from the Kingdom of Saudi Arabia to fund the Tourism Development Corporation's Business Incubation Centres Deputy Prime Minister Chester Cooper revealed yesterday. Cooper during his budget communication in Parliament said: "I am pleased to announce that the Kingdom of Saudi Arabia and [...]

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Thompson say that Davis administration's budget doesn't account for $110m BPL loan

KWASI Thompson, former State Minister for Finance, said the Davis administration presented an incomplete budget that does not include all estimates as required by law.

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Venture fund chairman: 62 have stopped making loan payments

The Bahamas Entrepreneurial Venture Fund (BEVF) has found that 62 percent of its debt-financing portfolio decided in the midst of the pandemic to stop making loan payments, BEVF Chairman Michael Cunningham said Friday. Cunningham, who was a speaker at Friday's Bahamas Business Outlook, explained that while some companies have had to shutter in order to ...
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SBDC executive director: No guarantee some will not default on loans

Although more than $50 million in government funding has already been disbursed to small and medium-sized businesses since the start of the COVID-19 pandemic, Access Accelerator/Small Business Development Centre (SBDC) Executive Director Davinia Grant said yesterday she could not guarantee that some of those businesses will not default on their loans. Prime Minister Dr. Hubert ...
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Central Bank: Loan arrears up 110.5M wrote off in 2020

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20m loan to fight COVID

THE government and the Inter-American Development Bank have partnered in a $20m loan contract "to help reduce the morbidity and mortality caused by COVID-19 and to lessen its impact on public health".

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China Loans Push Poor Countries To The Brink

CHINA - A dozen poor countries faces economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans.

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