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Bahamas Economic Recovery Committee revealed over the weekend

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Dr. Hubert Minnis, Bahamas Prime Minister during House of Assembly, Monday April 27. BIS PHOTO

#TheBahamas – April 29, 2020 –The Cabinet Office today announced that Prime Minister the Most Hon. Dr. Hubert Minnis has appointed an Economic Recovery Committee.

The public-private Committee will make recommendations to the Cabinet on the long-term economic recovery of The Bahamas economy, including job-creation and stimulating small business recovery and development in response to COVID-19.

John Rolle, Governor, Central Bank of The Bahamas

The Committee will focus on restoring the macroeconomy; restarting a competitive business environment; economic diversification; tourism and transport; financial services and labour.

The Co-Chairs of the Committee are Acting Financial Secretary Mr. Marlon Johnson and businessman Mr. Ken Kerr, CEO, Providence Advisors.

The Committee is representative of a diversity of public and private sector entities.

In addition to the Co-Chairs, members of the Committee include:

Mr. John Rolle, Governor, Central Bank of The Bahamas

Mrs. Wendy Craigg, former Central Bank Governor; Advisor, Ministry of Finance

Wendy Craigg, former Central Bank Governor/Advisor to Bahamas Ministry of Finance

Ms. Christina Rolle, Executive Director, Securities Commission of The Bahamas

Mrs. Davinia Blair-Grant, Executive Director, Small Business Development Centre

Mr. John Delaney, Q.C., Senior Partner, Delaney Partners

Mrs. Khrystle Rutherford-Ferguson, Chair, Bahamas Chamber of Commerce and Employers Federation

Mr. Greg Laroda, Chair, Grand Bahama Chamber of Commerce

Mrs. Suzanne Pattusch, Executive Vice-president, Bahamas Hotel & Tourism Association

Suzanne Pattusch, Executive VP, Bahamas Hotel & Tourism Association

Ms. Tanya McCartney, Executive Director, Bahamas Financial Services Board

Mr. Nat Beneby, former Managing Director, RBC Royal Bank

Mr. Patrick Ward, President/CEO, Bahamas First General Insurance Co.

Mr. Edison Sumner, Principal, Sumner Trading Partners

Mr. Franklyn Butler, CEO/President, Cable Bahamas Ltd.

Mr. Obie Ferguson, President, Bahamas Trade Union Congress

Mr. Matt Aubry, Executive Director, Organization for Responsible Governance

Edison Sumner, former President of The Bahamas Chamber of Commerce and Employers Confederation

 “The Committee should be bold and creative in its recommendations,” said Prime Minister Minnis. “We are in a new era.  We need to think and act in new ways in order to recover as quickly as possible and to build a more dynamic and diverse economy.  We have to enhance the use of digital technologies and delivery services.”

The Prime Minister said that just as The Bahamas is seeing the local production of hand sanitizer, masks and other health care products, the Government will promote more domestic production, and manufacturing where possible.  This includes greater food production.

Matt Aubry, Organisation for Responsible Government, ORG

“I look forward to the ideas, policies and programs the Committee will recommend to help The Bahamas to recover and to create jobs and more entrepreneurial opportunities, including for young Bahamians.” Prime Minister Minnis noted.

The Prime Minister thanked the Committee members for agreeing to serve and to help provide a way forward for the country in response to the many challenges arising from the COVID-19 pandemic.

______________

26 April 2020

Cabinet Office

Commonwealth of The Bahamas

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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