[xml][/xml]
The Bahamas Weekly Facebook The Bahamas Weekly Twitter
News : Bahamas Information Services Updates Last Updated: Dec 3, 2019 - 3:22:50 PM


Bahamas Development Bank Consultants meet with Stakeholders for Diagnostic review and strategic plan
By Bahamas Development Bank
Dec 3, 2019 - 3:30:39 PM

Email this article
 Mobile friendly page
BDB_LG.png
From Left to Right: Marsha Moncur BDB Grand Bahama Office, Sara Harb IFC Consultant, Margaret Sider, IFC Consultant, Michael Collins IFC Consultant, Minister for Grand Bahama, Hon. James Kwasi Thompson, Sumayyah Cargill Business Analyst, BDB, Harcourt Brown, Permanent Secretary (Acting). Ministry for Grand Bahama and Ms. Clothilda Whymns First Assistant Secretary.

The Bahamas Development Bank (BDB) is currently in the midst of a major reform effort to ensure that it can meet international expectations for national development, including support for the United Nations Sustainable Development Goals. In addition to business process re-engineering to improve service quality, the Bank is also developing a new Strategic Plan. The Plan will integrate the need for climate change mitigation, environmental sustainability, gender equity and financial inclusion while ensuring that the Bank is focused on development that will tangibly increase economic empowerment for Bahamians. BDB will invest in the Green, Blue and Orange Economies by specifically allocating financing for projects and entrepreneurs that focus on technology for greater industrialization, renewable energy, sustainable agriculture and sustainable tourism.

As part of the environmental assessment for the Strategic Plan, experts from the firm “International Financial Consulting” (IFC) visited the Bahamas in November 2019 to meet with a wide range of public and private sector stakeholders. IFC Ltd has worked with national, regional, and multi-lateral development banks in over 65 countries. The company is globally recognized in Development Banking, Private Sector Development, Access to Finance, and Risk Management.

In keeping with the BDBs’ mandate to support economic development across the archipelago, the consultants visited Grand Bahama and Exuma. In Grand Bahama, Minister for Grand Bahama, Hon. James Kwasi Thompson identified industry development opportunities, particularly in the maritime industry as well as the need to support SMES with capital in the wake of Hurricane Dorian. As part of the discussion, the Bank’s apiary program was highlighted as an example of how combining technical training and financing could provide opportunities for turnkey startups across the country. In Exuma, stakeholders highlighted the need for holistic development on the island to compliment the $44M airport planned for 2020. Restaurants, housing, agriculture and fisheries development, taxis, medical facilities were all cited as areas for potential development investment.

The Bahamas Development Bank is committed to transparency and collaboration and will continue to hold stakeholder discussions to identify synergies that maximize national resources.




Bookmark and Share




© Copyright 2019 by thebahamasweekly.com

Top of Page

Receive our Top Stories



Preview | Powered by CommandBlast

Bahamas Information Services Updates
Latest Headlines
National Sports Hall of Fame 2019 Class - Induction Ceremony at Government House
Seventy additional persons graduate from Temperance Life Skills Programme
113 Haitian Migrants Repatriated From Great Inagua
UB and the Tourism Development Corporation signed MOU for Collaboration
'Christmas in the Gardens' Children's Christmas Party at Government House