Bahamas

The government entered a repurchase agreement with investment bank Goldman Sachs to cover residual budget of fiscal year 21/22; the 2 year loan has a value of $236 million and will bridge the gap for public financing until bond markets are more favorable

Work has begun on Disney Cruise Line's US$400 million project at Lighthouse Point, with executives announcing recently that the company has received all the environmental approvals it needs to move forward with the project

The EU has named the country on a list of those that have not fully complied with a criterion relating to base erosion and profit shifting (BEPS) and having to do with a country's minimum reporting standard

Prime Minister Brave Davis said the government is working to restore investor confidence that has waned in Grand Bahama over the years

Authorities rescued and detained 31 migrants in waters southwest of Bimini on Friday; they are suspected of being involved in a human smuggling operation, the second of last week

Abaco is looking to form an economic development council, run by the private investors and companies, to attract investment to the island, forming an important bridge between government and the private sector

The 13th Annual Bahamas Marathon will now be held virtually for the second year in a row, allowing participants to complete the distance they registered for between now and January 16 at a location of their choosing: outdoors or on a treadmill

The Central Bank of The Bahamas has released its draft Recovery Planning Guidelines which will serve as a general guide for the implementation of a Supervised Financial Institution's SFI recovery plan

The country has become the first Caribbean country to launch a second-generation National Decent Work Programme, a five-year plan with three national priority areas: jobs and skills, social dialogue and governance

With projections for the tourism sector trending up for the first and second quarter of 2022, Tourism Director General suggested that the country could record one million stopover visitor arrivals for next year

The public will to be able to make requests for government information from at least seven government ministries and corporations as part of a pilot program of the Freedom of the Information Act (FOIA)

The Minister of Education and Technical Training called on all Bahamians to work to ensure that students do not fail because of their absence from virtual school; schools will reopen the second week of January 2022 with a form of hybrid education

Average prices of clothing and shoes increased by 12,7% as a result of the 42,3% increase in the price of crude oil, consequence of a steady rise of the country's inflation, as per data of The Central Bank of The Bahamas