Friday, March 5, 2021
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Min. of Finance cautions on fake news reports regarding foreign reserves

The Ministry of Finance wishes to advise the public that reports of the Government “running out of money” are false. Further, the Bahamian dollar is not facing devaluation threat. Our economy has not survived and thrived for so long because of good fortune.

Minister: ‘Low-cost loan facility is available to countries with stable debt’

As a member country of the International Monetary Fund (IMF), the Government has applied to take advantage of a low-cost emergency loan facility that is available to all member countries. The loan amount is approximately US$252 million and falls within the borrowing authorization approved in the Supplementary “Hurricane Dorian” Budget in February.

RBDF Assists Financially during COVID-19 Crisis

Members of the Royal Bahamas Defence Force continue to assist families during this CoViD-19 pandemic with financial contributions during the past week. As the members of Entry 24 celebrated 31 years of service on the Defence Force, current and past members of that squad saw it fitting to observe this occasion by assisting over 20 families with gift certificates.

Arrivals Home in Second Round of Repatriation

The second round of repatriation of Bahamians and residents, who had remained abroad due to COVID-19 restrictions, resumed with arrivals home on Thursday, May 21, and Saturday, May 23, 2020.

Statement by the WSC on Abaco Contract signing

Water and Sewerage Corporation Executive Chairman Adrian Gibson, signed two groundbreaking contracts, May 22, 2020 to further the Corporation’s work in Abaco following devastation of Hurricane Dorian. Mr. Gibson said the signing represented “a continuation of WSC’s objective to fully restore, construct and effect rehabilitation works to the water and sewerage networks in Treasure Cay and Marsh Harbour, Abaco.”