Statement from Prime Minister Davis on Moody’s Rating Change on The Bahamas’ Rating to Positive from Stable
For the first time in almost 20 years, an international credit ratings agency has given The Bahamas a positive outlook on our sovereign credit rating, signaling growing global confidence in the direction of our economy. When we took office in September 2021, The Bahamas was facing some of the toughest economic conditions in living memory. […]
Statement from the Government of The Bahamas on the Recent Tariff Announcement from the Trump Administration
The Government of The Bahamas has taken note of the announcement by U.S. President Donald Trump to impose a 10% reciprocal tariff on several Caribbean countries, including The Bahamas, that export duty-free to the United States under the Caribbean Basin Initiative (CBI). It is important to note that The Bahamas currently maintains a trade deficit […]
Statement from the Office of The Prime Minister in Response to The Leader of The Opposition on BPL
When the Davis administration took office in September 2021, the country was in crisis. The new government inherited a fiscal emergency, hospitals in disrepair, schools shuttered, record unemployment, and a failing BPL, which was saddled with more than $500 million in debt. The government had to urgently loan BPL $100 million just to keep it […]
Statement from Prime Minister Davis on Wildfire Developments in Grand Bahama and New Providence
Today, I was briefed along with my Cabinet colleagues, including Deputy Prime Minister Chester Cooper, the Minister for Grand Bahama, the Hon. Ginger Moxey, and the Minister of National Security, the Hon. Wayne Munroe—on the recent wildfire developments in Grand Bahama and New Providence. Commissioner of Police Shanta Knowles provided a detailed update on the […]
Statement from the Office of the Prime Minister on The Government’s Approach to Energy Reform
A New Era of Energy Reform Is Lowering Electricity Prices – Prior Administration’s Energy Policies Brought Only Fiasco and Failure For far too long, high electricity prices and inconsistent supply have been a significant burden to Bahamian families and an obstacle to business expansion and economic growth in our country. The Davis administration took office […]