Bahamian Economy Continues to Grow; Inflation Is Down

Nassau, The Bahamas – In the Concluding Statement for its recent official visit, The International Monetary Fund (IMF) has revised its economic growth projection for the Bahamian economy to 2.3%, an improvement over its previous forecast. The Statement, which was published Monday, gives the preliminary findings on the country’s macro-economic outlook and fiscal environment. Minister […]

Statement from Prime Minister Davis on Upholding Fair Global Tax Practices: The Bahamas’ Advocacy and the UN’s Progressive Step

Nassau, The Bahamas — The Bahamas supported the United Nations Resolution on the Promotion of Inclusive and Effective International Tax Cooperation at the United Nations.  We recognize the approval of this resolution as historic, promoting equity in global tax administration and seeking to establish a framework convention on tax which could ultimately move decision-making on global tax rules […]

In Historic First, Cabinet is Convened in Eight Mile Rock

Davis Administration Highlights $1.5 Billion in New Investments for Grand Bahama EIGHT MILE ROCK, BAHAMAS – Ministers of the Davis Administration came together in Eight Mile Rock, Grand Bahama on Tuesday, and in doing so, made history: the meeting marked the first time the Cabinet of The Bahamas convened there. This was the second meeting of Cabinet in Grand Bahama this year; the May meeting was held in Freeport. The Cabinet meeting […]