Bahamas News

BAHAMAS: Deputy Prime Minister Turnquest Attends 2018 Annual Meetings of IMF and World Bank

#Bali, October 13, 2018 – Indonesia – Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest is currently attending the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group in Bali, Indonesia, during this week.  He is pictured, second right, at a Caribbean Caucus Round Table Discussion.

The Caribbean Round Table talks included Nancy Horsman, IMF Executive Director, and Christine Hogan, World Bank Executive Director, for Canada, Ireland and the Caribbean.  Discussions centered around climate change, building infrastructural resilience and de-risking.

DPM Turnquest made an intervention regarding the risk to the economies of small island states from the loss of corresponding bank relationships and, more pointedly, the risk to small international financial centers imposed by global standard setters without regard to individual country circumstances or the evenness in which such standards are applied across developed and undeveloped sovereign states.


Release: BIS


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