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PM Minnis says Fiscal Discipline is Critical to Economic Stability

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#Bahamas, October 12, 2017 – Nassau – The Minnis Administration is resolute in bringing fiscal discipline and order to public finances, as such discipline and order are required to forestall any possible dire economic consequences that can cripple growth and the longer-term prospects for the country.

“If we do not get our economic house in order, the foundation and the house are at risk of collapse,” Prime Minister, Dr. the Hon. Hubert A. Minnis told Parliament Wednesday (October 11).

Prime Minister Minnis said the Government of The Bahamas is focused, resolute and determined to not only improving the economic vitality of The Bahamas as a country, but to also improving the standard of living for all Bahamians.

“Our vision is the ongoing development and transformation of our economy through creating wealth opportunity for more Bahamians; diversification within tourism and the boosting of new and other industries; and through the reform of public finances and the public sector.”

Prime Minister Minnis said the government has developed a number of strategies to achieve their goals.   These include the establishment of an Economic Council of The Bahamas which, the Prime Minister said, is providing advice on job creation and growth “which are critical to economic recovery.”

An Ease of Doing Business Committee has also been appointed.  Its mandate is to make specific recommendations to make it easier to do business in the country for Bahamians and foreign investors.

“The previous five years was the worst period of governance in the modern Bahamas,” Prime Minister Minnis charged.   “This Administration is reigning in public expenditure in order to provide for long-term growth and economic stability.”

Prime Minister Minnis said Administration Officials have a comprehensive vision for a 21st Century Bahamas and national development.

The seven-point plan includes economic development, transformation and diversification; bolstering national security, including combating crime and its causes as well as illegal migration; advancing democracy, good governance and freedom through government and political reform and social development, inclusive of education, healthcare, housing, child, youth and community development and other elements of social well-being.

Other components of the vision include promoting and protecting the country’s cultural heritage; environmental stewardship and protection; and protecting and promoting Bahamian interests abroad.

Individual citizens and residents, have a role to play in the plans outlined for national development going forward, the Prime Minister said.

“Development does not solely refer to public infrastructure and economic growth, though both are essential for national development,” Prime Minister Minnis said.   “Development also refers to the cultural and social habits (that) help to make a country successful and well-run.

“These habits include a population committed to education and learning; the rule of law; an efficient and effective public sector; the development of the arts and culture; a commitment to civility and public cleanliness, and the cultivation of values such as working together for the common good and social justice and tolerance for, and the celebration of, diversity.

“Law and order are as essential for development,” Prime Minister Minnis continued, “Moreover, when we ignore or disrespect law and order in small things, we tend to adopt this attitude with the bigger things.”

 

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Health

What to Look for with Self-Checks at Home

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February is National Self- Check Month and family medicine physician at Cleveland Clinic, OH, John Hanicak, MD, highlights why at home self-checks are extremely important when it comes to not just early cancer detection but identifying other illnesses too and offers tips on what to look out for.

“Sometimes Ilook at them as sort of like your check engine light on the car, just like therewould be a red flashing light that tells you that there’s something wrong with acar and prompts you to bring that in and get serviced. Your body does the samething. It gives you warning signs tolook intothat symptom a little bit further,” said Hanicak.

Dr. Hanicak saidself-checks are going to be a little different for everyone. 

However, in general, he recommends looking for anything that may seem abnormal, such asunexplained weight loss,blood in your urine, bumps and bruisesthat won’t heal,and changes in bowel habits. 

For example, if you suddenly start going to the bathroom a lot more than you used to, that could bea signof something more serious. 

He also suggestsdoing regular skin checksanddocumentingany molesor spotsthat start to look different. 

“Realize that you are your own person.There’s nobody else in the world exactly like you.You’ve got your own set ofideas, your own family history and your own genetics.Know what is normal for you, and when that changes, that’s the kind of thing thatwe would be interested in talking about,” said Dr. Hanicak. 

Dr. Hanicaknotes that self-checks are not meant to replace cancer screenings, as those are just as important to keep up with. 

Press Release: Cleveland Clinic

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Bahamas News

Groundbreaking for Grand Bahama Aquatic Centre

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PM: Project delivers on promise and invests in youth, sports and national development

 

GRAND BAHAMA, The Bahamas — Calling it the fulfillment of a major commitment to the island, Prime Minister Philip Davis led the official groundbreaking for the Grand Bahama Aquatic Centre, a facility the government says will transform sports development and create new opportunities for young athletes.

Speaking at the Grand Bahama Sports Complex on February 12, the Prime Minister said the project represents more than bricks and mortar — it is an investment in people, national pride and long-term economic activity.                                                                                                                                                    The planned complex will feature a modern 50-metre competition pool, designed to meet international standards for training and regional and global swim meets. Davis said the facility will give Bahamian swimmers a home capable of producing world-class performance while also providing a space for community recreation, learn-to-swim programmes and water safety training.

He noted that Grand Bahama has long produced outstanding athletes despite limited infrastructure and said the new centre is intended to correct that imbalance, positioning the island as a hub for aquatic sports and sports tourism.

The Prime Minister also linked the development to the broader national recovery and revitalisation of Grand Bahama, describing the project as part of a strategy to expand opportunities for young people, create jobs during construction and stimulate activity for small businesses once operational.

The Aquatic Centre, he said, stands as proof that promises made to Grand Bahama are being delivered.

The project is expected to support athlete development, attract competitions, and provide a safe, modern environment for residents to access swimming and water-based programmes for generations to come.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

Tens of Millions Announced – Where is the Development?

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The Bahamas, February 15, 2026 – For the better part of three years, Bahamians have been told that major Afreximbank financing would help transform access to capital, rebuild infrastructure and unlock economic growth across the islands. The headline figures are large. The signing ceremonies are high profile. The language is ambitious. What remains far harder to see is the measurable impact in the daily lives of the people those announcements are meant to serve.

The Government’s push to secure up to $100 million from Afreximbank for roughly 200 miles of Family Island roads dates back to 2025. In its February 11 disclosure, the bank outlined a receivables-discounting facility — a structure that allows a contractor to be paid early once work is completed, certified and invoiced, with the Government settling the bill later. It is not cash placed into the economy upfront. It does not, by itself, build a single mile of road. Every dollar depends on work first being delivered and approved.

The wider framework has been described as support for “climate-resilient and trade-enhancing infrastructure,” a phrase that, in practical terms, should mean projects that lower the cost of doing business, move people and goods faster, and keep the economy functioning. But for communities, that promise becomes real only when the projects are named, the standards are defined and a clear timeline is given for when work will begin — and when it will be finished.

Bahamians have seen this moment before.

In 2023, a $30 million Afreximbank facility for the Bahamas Development Bank was hailed as a breakthrough that would expand access to financing for local enterprise. It worked in one immediate and measurable way: it encouraged businesses to apply. Established, revenue-generating Bahamian companies responded to the call, prepared plans, and entered a process they believed had been capitalised to support growth. The unanswered question is how much of that capital has reached the private sector in a form that allowed those businesses to expand, hire and generate new economic activity.

Because development is not measured in the size of announcements.

It is measured in loans disbursed, projects completed and businesses expanded.

The pattern is becoming difficult to ignore. In June 2024, when Afreximbank held its inaugural Caribbean Annual Meetings in Nassau, Grand Bahama was presented as the future home of an Afro-Caribbean marketplace said to carry tens of millions of dollars in investment. What was confirmed at that stage was a $1.86 million project-preparation facility — funding for studies and planning to make the development bankable, not construction financing. The larger build-out remains dependent on additional approvals, land acquisition and further capital.

This distinction — between financing announced and financing that produces visible, measurable outcomes — is now at the centre of the national conversation.

Because while the numbers grow larger on paper, entrepreneurs still describe access to capital as out of reach, and communities across the Family Islands are still waiting to see where the work will start.

And in an economy where stalled growth translates into lost opportunity, rising frustration and real social consequences, the gap between promise and delivery is no longer a communications issue.

It is an inability to convert announcements into outcomes.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.  

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