Prime Minister Davis Provides Update on Recent U.S. Tariffs and Implications for The Bahamas
As many of you know, one week ago, the United States announced new tariffs, marking a major shift in US trade policy. I want to emphasize that The Bahamas has had a friendly and productive relationship with the United States for many decades. Trade, tourism, investments, cultural exchanges – these are all important aspects of […]
Statement from the Office of The Prime Minister on Published Contract List by the Finance Ministry
The Office of the Prime Minister has completed a review of the decision-making process and the timelines related to the publication of a list of contracts concluded with various vendors in accordance with the Public Procurement Act. The Prime Minister has taken note of the public discussion surrounding a particular allocation included in the published […]
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 […]