By: Staff Writer November 26, 2024 The Bahamas is the newest country to enter into a “debt for nature swap,” as its Prime Minister, Philip Davis, hails the new “Bahamas…
Category: BAHAMAS
The Bahamas: Staff Concluding Statement of the 2024 Article IV Mission
November 22, 2024 The Bahamian economy has staged a remarkable recovery following Hurricane Dorian in 2019 and the Covid-19 pandemic. Activity and employment have recovered to their pre-pandemic levels and…
$600M HOA signed for Grand Bahama Shipyard transformation.
By: Staff Writer August 30, 2024 The Government of The Bahamas yesterday signed a Heads of Agreement (HOA) with the Grand Bahama Shipyard Limited to authorize the investment of $600…
Landmark Renewable Energy Project in The Bahamas Begins Operation with IDB Invest Support
May 7, 2024 Fairfield Solar Plant begins operations today as one of the two solar plants in Grand Bahama developed by Lucayas Solar Power Ltd. Fairfield is the first solar…
Africa and the Caribbean set to deepen ties
By: Staff Writer April 16, 2024 The Africa Import/Export Bank will hold its 31st annual meetings on June 12 to 14 in The Bahamas, a first for both regions where…
The Bahamas Partners With SpaceX
March 1, 2024 The Ministry of Tourism, Investments & Aviation of The Bahamas has made a historic move by partnering with SpaceX, the renowned space exploration company by billionaire Elon…
Bahamas, Belize and TCI removed from EU blacklist
By: Staff Writer February 23, 2024 The European Union removed The Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes. The countries…
The Bahamas: 2023 Article IV Consultation-Press Release; and Staff Report
February 5, 2024 The Bahamas economy is in the midst of a solid expansion. A strong recovery of tourism has helped regain the ground that was lost after hurricane Dorian…
IMF Executive Board Concludes 2023 Article IV Consultation with The Bahamas
February 5, 2024 On January 19, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with The Bahamas and endorsed the staff appraisal…
Bahamas: Staff Concluding Statement of the 2023 Article IV Mission
November 28, 2023 The Bahamas’ economy continued to rebound vigorously in 2022. Real GDP growth reached 14.4 percent and unemployment fell to 8.8 percent with a broad-based expansion that was especially…