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CATEGORY

Economics

Bahamian economy sustained its growth trajectory at a “moderate pace” in Q3, says Central Bank

The Bahamian economy sustained its growth trajectory in the third quarter, although at a “moderate pace,” supported by healthy gains in the tourism segment...

IDB presents “One Caribbean” program to boost climate resilience

The Inter-American Development Bank (IDB) during the 2023 United Nations Climate Change Conference (COP28) presented “One Caribbean”, a new regional flagship program that aims to promote the...

Bahamas | PM Davis stresses need for climate financing as Bahamas Sustainable Investment Program is launched at COP28

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...

IDB, IDB Invest and CDB Strengthen Cooperation to Address Development Challenges in the Caribbean

A new action plan has been introduced to bolster collaboration and coordination among the organizations in the Caribbean region as a whole. The Inter-American Development...

Bahamian economy sees 8.6 percent real GDP growth during the first half of the year

The Bahamian economy saw an 8.6 percent real gross domestic product growth during the first half of 2023 compared to the corresponding period last...

IMF recommends The Bahamas implement corporate income tax and personal income tax

The International Monetary Fund (IMF) is recommending that The Bahamas consider implementing a corporate income tax, coupled with a personal income tax targeting high...

The Bahamas backs historic UN resolution towards shift in global tax policy

The Bahamas has thrown its support behind a United Nations resolution that seeks to establish a more inclusive tax governance framework and transfer decision-making...

ECCB approves replacement of Britain’s Queen Elizabeth on EC currency

The St. Kitts-based Eastern Caribbean Central Bank(ECCB) says its Monetary Council has approved the replacement of the Queen’s image on the Eastern Caribbean (EC)...

Bank of The Bahamas records $4.1 million net income in Q1 of its new fiscal year

The Bank of The Bahamas saw a $4.1 million net income for the first quarter of its new fiscal year, a $1.6 million increase...

Bahamas | $38 Million mobile wallet payments drop tied to government and pandemic payments

Mobile wallet payments from January to August of this year declined nearly $38 million compared to the same period last year, as the Central...

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