Statement by Prime Minister Davis on Leveraging Record-Breaking Tourism to Drive Economic Growth and Diversify the Bahamian Economy
Today, as we celebrate the remarkable milestone of welcoming eight million visitors to The Bahamas, it’s crucial to reflect on the broader economic significance of this achievement. This record-breaking number is not just a triumph for our tourism sector; it’s a catalyst for comprehensive economic growth and a clarion call for diversification within our economy. […]
Minister Jobeth Coleby-Davis Advocates for Solution-Focused Climate Action at COP28 Fireside Chat
Expo City, Dubai – At the recent COP28 Fireside Chat, Minister Jobeth Coleby-Davis, representing The Bahamas, distinguished herself through a compelling call for a solution-focused approach to combating climate change. Her participation and remarks at the event were a testament to her dedication and the commitment of The Bahamas to proactive, actionable strategies in the […]
Prime Minister Davis Advocates for Climate Action and Collaborative Investment at COP 28
Expo City, Dubai – Today, at the COP 28 summit, Prime Minister of The Bahamas underscored the urgent need for global cooperation in the face of a worsening climate crisis. With the world fast approaching the critical 1.5 degrees Celsius threshold, the Prime Minister emphasized that the window for effective action is narrowing, but not […]
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 […]
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 […]