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BAHAMAS: House approves $100 million Loan Facility for Disaster Emergencies

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#Nassau, February 1, 2019 – Bahamas – A Resolution to approve the Contingent Loan for Natural Disaster Emergencies in the amount of $100 million was passed in the House of Assembly on Wednesday, January 30, 2019.

Revised Statute Law of The Bahamas 2000 provides for The Bahamas to enter into an agreement with the Inter-American Development Bank to borrow funds for the purpose of financing or promoting economic and social development in the country.  The bank has agreed to grant the government financing of up to $100 million for the purpose of funding the Natural Disaster Emergencies Programme.

It was one of two Resolutions tabled in the House by Prime Minister, the Most Hon. Dr. Hubert Minnis.

The other Resolution passed was for the government to borrow $30 million from the Inter-American Development Bank for the Government’s Digital Transformation to Strengthen Competitiveness Project.

During his contribution, the Prime Minister noted that The Bahamas has been plagued with three consecutive major hurricanes: Joaquin in 2015, Matthew in 2016 and Irma in 2017.

“All Bahamians are, unfortunately, too keenly aware that one of the effects of the global warming phenomenon is the increase in the frequency and strength of tropical hurricanes or cyclones around the world,” the Prime Minister said.

He pointed out that in The Bahamas, this is not a matter of theory; but has been a reality over the last two decades.

“The hurricanes over this time period have cost countries hundreds of millions of dollars in damage to private and public assets, and in lost economic opportunity,” he added.

“As Prime Minister, one of my responsibilities is to ensure that the country does as much as we can to be as prepared as possible to respond to natural disasters and thus minimize the potential loss of lives, and that we are able to recover as quickly as possible to get our communities and the economy back on track as soon as possible following these catastrophic events,” he said.

According to the Prime Minister a key part of any readiness plan is to have access to resources as quickly as possible, to speed up the response and recovery efforts.

“Thus I am pleased to support this $100 million contingent loan facility.   It is a line of credit that is on standby in the event the country is hit by a hurricane and needs additional funds to respond and to recover,” the Prime Minister said, adding that it is hoped that the country would never have use for the facility.

“By design and by our own government policy, this is not monies that can be accessed to do anything other than to respond to natural disasters.  Any prudent government would do what we are doing – that is to have the ability to access funding if and when needed,” the Prime Minister said.

The loan facility will complement the proposed disaster relief fund, which will be set up from the proceeds of extinguished dormant accounts, as was announced by the Prime Minister in the House of Assembly weeks ago. The Government will bring legislation to this effect and the fund will be seeded with an estimated $41 million at its inception.

The Prime Minister also said that his administration took the decision to sign up, once again, for the Caribbean Risk Insurance Facility — the regional insurance fund — to provide coverage for public infrastructure in the event of catastrophic damage.

“And finally, we have agreed to this IDB credit line facility to provide ready access [to] up to $100 million in borrowed funds,” he said.

Taken together, these will ensure that there is an ample source of cash readily available to the government so that it can respond quickly, he said.

“The government is, then, better positioned to save lives, and secure property.   Once the event has passed, this will mean that the government can more readily mobilize the contractors and vendors to get the country back to a state of normalcy,” the Prime Minister said.

 

Release: BIS

 

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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