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End of UK Loan Guarantee

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Providenciales, 25 Feb 2016 – The UK Minister of State for International Development, Mr Desmond Swayne, made the following written statement to the House of Commons of the British parliament on 25 February:

“I wish to bring the House up to date with respect to the loan guarantee from the Department for International Development (DFID) to the Turks and Caicos Islands Government (TCIG).

On 28 February 2011, my Right Honourable Friend, the then Minister of State for International Development (Alan Duncan) informed the House that DFID had finalised a guarantee in favour of Scotiabank (Turks and Caicos) Ltd to provide TCIG with access to a maximum capital amount of US$260m over five years. He argued that the assistance would allow TCIG to implement budget measures which would lead to achieving a fiscal surplus in the financial year ending March 2013.

I am pleased to announce that on 22 February TCIG repaid its remaining borrowing under this guarantee on schedule and with an outstanding borrowing need of just US$28m. It was able to raise this amount without further recourse to the UK government for support and is expected to repay that loan over the next three-and-a-half years.

TCIG has progressed from deficits of US$77m in financial year 2010/11 and US$29m in 2011/12 to a surplus the following year and strong surpluses thereafter. TCIG and the TCI public service had to make a number of difficult decisions and sacrifices. Financial management and oversight has been strengthened. Essential investment was maintained, including an expansion of the international airport that has allowed a significant increase in flights from US cities. The successful conclusion of DFID’s guarantee is a credit to the resolve of the TCI public service, TCIG, the Governor’s Office and UK-financed technical experts.”

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Government

TCI POST CABINET MEETING STATEMENT – 11 DECEMBER 2024

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Turks and Caicos, January 20, 2025 – Her Excellency the Governor Dileeni Daniel-Selvaratnam chaired the 41st meeting of Cabinet held on December 11th, 2024. All members of Cabinet were present with the exception of Hon. Rhondalee Knowles, Attorney General, with Ms. Khalila Astwood acting as Attorney General.

At this meeting Cabinet:

  • Considered proposals related to the 2022 Crown Land Review Report.
  • Approved the mutation of parcels 60603/57, 60610/316, 60700/107, and 20313/47, 58 & 59 and for the same to be vested with the TCI Airports Authority.
  • Received a presentation on proposals on the integration of Virtual and Augmented Reality (VR/AR) technologies into programs at the Turks and Caicos Community College.
  • Approved the management authority of parcel 60503/315 to the Turks & Caicos Islands Sports Commission for multi-purpose use for the development of a community park and recreational facility.
  • Received a presentation from the Turks and Caicos Islands Sports Commission on the establishment of a National Sports Training Centre.
  • Received a presentation from the Turks and Caicos Islands Sports Commission regarding the establishment of a Department of Parks and Recreation.
  • Received a presentation from the Ministry of Health on matters relating to the National Health Insurance Board.
  • Approved the re-appointment of Mrs. Angela Musgrove as the Chief Executive Officer of Invest Turks and Caicos for a three-year term.
  • Approved the appointment of Mr. Henry Wilson as a member to the Fisheries Advisory Committee.
  • Noted the award of the following contracts in line with the process according to the provisions of the Public Procurement Ordinance; Contract Award Notification:
  1. PN 005690, TR 24/09, Upgrading Bight Park
  2. PN 005729, TR 24/23, Vehicles for Immigration
  • PN 005730, TR 24/08, DDME Communication Equipment – Mobile Antenna
  1. PN 005765, TR 24/31, Redevelopment of Regatta Village
  2. TCINIB 01/2024, TR 24/26, Vehicles for NIB

Further information on these matters will be presented by Ministers in due course.

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Government

TCI POST CABINET MEETING STATEMENT – 4TH DECEMBER 2024

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Turks and Caicos – Her Excellency the Governor Dileeni Daniel-Selvaratnam chaired the 40th meeting of Cabinet held on December 4th, 2024.  All members of Cabinet were present, with the exception of Hon. Jamell Robinson, Deputy Premier and Hon. Rhondalee Braithwaite-Knowles, Attorney General, with Ms. Khalila Astwood, acting as Attorney General.

At this meeting Cabinet:

  • Approved the Turks and Caicos Islands Fiscal Strategic Policy Statement.
  • Approved the negotiation of a Development Agreement/Order with Retreat Development Ltd.
  • Approved the transfer of excess revenue from the Consolidated Fund into the National Wealth Fund for the Financial Year Ending 31 March 2024.
  • Approved Planning Application PR 17673 for a proposed watch tower and rest station on block and parcel 60000/345 for the TCI Regiment.
  • Approved the negotiation of a license agreement with the Proprietors of Balfour Salt Ltd. for a period of 10 years.
  • Approved the policy document for the use of Biometrics and Introducing an Electronic Travel Authority Requirement.
  • Approved the appointment of Mr. Lynden Hall Snr. as a member of the Turks and Caicos Islands Gaming Control Commission Board for a period of two years.
  • Approved the write-off of water charges and penalties in accordance with Section 52 of the Public Financial Management Ordinance 2012.

Further information on these matters will be presented by Ministers in due course.

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Bahamas News

BNT Releases 2023-2024 Impact Report Highlighting Conservation Achievements  

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January 20th, 2024 – Nassau, Bahamas – The Bahamas National Trust (BNT) proudly announces the release of its 2023-2024 Annual Impact Report, which documents key conservation milestones achieved from January 2023 to June 2024.

Highlights from the report include: completion of the BNT’s 2024-2029 Strategic Plan  – a comprehensive roadmap to guide the organization’s efforts over the next five years; the declaration of Seahorse National Park in Eleuthera as the country’s 33rd national park; advancements in critical scientific research and the creation of conservation plans aimed at protecting endangered species; major infrastructure improvements in national parks, enhancing visitor access and recreational opportunities; and new strategic partnerships with local and national organizations for collaborative national park management.

“The past 18 months have been a pivotal chapter for the BNT,” said Lakeshia Anderson-Rolle, Executive Director of The Bahamas National Trust. “With the unwavering support of our members, donors, and partners, we’ve expanded our national park system, advanced critical conservation efforts, made major infrastructure improvements in national parks, and connected thousands of Bahamians to their parks. These achievements underscore the power of collaboration and inspire us to continue building a future where people and nature thrive together.”

Looking to the future, the BNT’s 2024-2029 Strategic Plan prioritizes enhanced park management, tackling climate resilience, addressing invasive species, and strengthening community partnerships to ensure the sustainability of The Bahamas’ national parks.

The Bahamas National Trust extends heartfelt thanks to its supporters for making these achievements possible, and invites everyone to explore the full 2023-2024 Impact Report on its website at https://bnt.bs/2023-2024-impact-report/.

To learn more about the BNT’s role in managing national parks, protecting wildlife, and informing environmental policy, please visit its website: www.bnt.bs, and follow its various social media channels: Facebook, Instagram, Twitter, and YouTube.

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