January 11, 2022
The Inter-American Development Bank headquarters at Washington D.C. (Photo: Mario Roberto Durán Ortiz)
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$30m investment set to aid 25,000 Bahamians
Some 25,000 Bahamians and 150 small and medium-sized enterprises (SMEs) are projected to benefit from a $30m investment to unlock the country’s ‘blue economy’ potential and enhance coastal protection.
IDB warns Bahamas on rollover ‘difficulties’
The Bahamas has been warned it may “face difficulties to roll over existing debt” in the medium-term if market conditions do not improve with almost $900m in external foreign currency loans coming due in the next two years.
Bahamas lost $32.5m aviation financing as ‘bar kept moving’
The Bahamas used just 32 percent of an Inter-American Development Bank (IDB) loan provided to overhaul its aviation industry because it failed to implement safety reforms essential to unlocking the $32.5m balance.
Bahamas’ disaster response set for $160m transformation
The Bahamas’ ability to cope with natural disasters is set for a $160m overhaul after being ranked among the weakest in the Western Hemisphere by the Inter-American Development Bank (IDB).
‘Break down offshore barriers’ to aid SMEs
The Bahamas has been urged “to find creative means” to allow so-called ‘offshore’ financial institutions to participate in the local economy and help narrow an estimated $748m small business “financing gap”.
Bahamas’ 20% shrink ‘not seen in worst crisis’
Bahamian economic output shrunk by a “remarkable” 20 percent in 2020, an Inter-American Development Bank (IDB) economist said yesterday, branding this COVID-induced plunge as “something you don’t see in the worst crisis”.
IDB’s taxpayer boost for $385m Gov’t bond issue
The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.
IDB pledged $59m Bahamas savings through guarantee
The Bahamas would save $59m per year via a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite a proposed foreign currency bond issue, it has been asserted.
Education among top ‘development gaps’
The Bahamas faces its biggest “development gaps” in the areas of education and environmental performance, an Inter-American Development Bank (IDB) report has confirmed.
Bahamas sees $715m gain if ‘infrastructure gap’ closed
The Bahamas stands to gain a $715m boost if it invests just $31m to close the “digital infrastructure gap” between itself and the world’s leading economies, a multilateral lender is arguing.
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