February 6, 2026 The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation with The Bahamas[1] and considered and endorsed the staff appraisal without a meeting,…
Category: BAHAMAS
Bahamas Takes Helm of CDB Governors, Prioritises Climate Resilience and Disaster Responsiveness
June 17, 2025 The Bahamas has assumed the Chairmanship of the Caribbean Development Bank’s (CDB) Board of Governors, committing to champion climate resilience and strengthen regional disaster response systems throughout…
Bahamian firm signs historic $427M HOA for weather system with NOAA
By: Staff Writer May 16, 2025 The Bahamas Aviation, Climate and Severe Weather Network Ltd (BACSWN) added the final piece to its historic $427 million puzzle yesterday with the signing…
Fitch Assigns the Bahamas ‘BB-‘ IDR; Outlook Stable
April 11, 2025 Fitch Ratings has assigned the Commonwealth of the Bahamas a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB-‘. The Rating Outlook is Stable. A full list of…
Bahamas’ trade official on week-long attachment at CARIFORUM’s EPA Unit
January 31, 2025 The regional Economic Partnership Agreement (EPA) Implementation Unit is conducting a week-long capacity building programme for The Bahamas’ Director of Trade and Industry, Ms. Brichell Pinder, as…
Electricity Reform Can Help Usher in Sustainable Growth in The Bahamas
January 24, 2025 The archipelago is taking bold steps to transform its electricity sector and build resilience to climate change Modernizing electricity grids and increasing the shares of solar energy…
Bahamas debt for nature swap to net $124M in savings
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…
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…