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PM Davis says Regional UNFCCC Meeting Attendees share a ‘determination to make important progress’ on climate change issues

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By ERIC ROSE

Bahamas Information Services

 

#NASSAU, The Bahamas, August 16, 2022 –  – During his Official Remarks at the Opening Plenary Session of the Caribbean Regional Heads of Government Meeting in Preparation for the United Nations Climate Change Conference of The Parties 27 (COP 27), on August 16, 2022, Prime Minister of The Bahamas and Minister of Finance the Hon. Philip Davis noted to attendees that they all shared a determination to make important progress together in the coming days.

“As many of you know, the end of August and the beginning of September has become a very poignant time on the Bahamian calendar,” Prime Minister Davis pointed out, at the Meeting, held at Baha Mar Convention Centre.  “September 1st will make three years since Hurricane Dorian landed on our shores.”

“The physical, psychological, social, and economic damages are still very much with us,” he added.  “Across the world, we’ve seen the intense heatwaves, wildfires, and droughts that are further, terrible evidence of the accelerating impact of climate change.”

Prime Minister Davis said that, with the climate changing faster than predicted, the challenges they all faced were stark; but they were “not insurmountable”.

“One thing is clear: success will require collective action,” he said.

“If we advance our interests merely as individual Small Island Developing States, our voices will be dispersed, unable to be heard above louder, wealthier, carbon-producing interests,” he added.

Prime Minister Davis said: “Friends: There really is strength in numbers; and if we stand together, we are less likely to fall apart.  And so this regional meeting is critical.  Our shared characteristics go beyond our physical geography.

“We need to find effective, efficient ways to adapt to new realities,” he added.  “We have to re-structure our lives and our living environment to mitigate against the disasters which are becoming more frequent and more severe.

“Easy to say – much harder to pay for.”

Prime Minister Davis noted that the Caribbean had been identified as the region with the largest number of indebted countries.  He said that while there were multiple reasons for this, in many cases a major contributor to debt is borrowing associated with recovery efforts from the impact of climate change.

“Here in The Bahamas, we undertook an exercise which revealed that more than 50% of our outstanding debt can be linked to the impacts of the hurricanes which descended on us between 2015 and 2019,” Prime Minister Davis said.  “Our countries are struggling with debts accumulated by climate disasters.”

He added:  “What does this mean for the development of our nations, when our risk profile is becoming so severe that insurers question their willingness to offer risk facilities to offset climate disasters?  Put simply, we are in danger of becoming uninsurable.”

Prime Minister Davis said that many, if not all, of the countries represented at the Meeting had already faced challenges in accessing climate-related funds.

By acting in “common cause”, he said, they could move with more authority and with greater impact to address legacy issues which have held them back from making meaningful progress.

“This is not to say that there aren’t differences among us,” he noted.  “With some issues, we can agree to disagree.  With others, we can use this forum to find and build consensus before we engage with our colleagues around the world.”

Prime Minister Davis said that COP26 in Glasgow promised a renewed commitment to act.   He noted that in the prior two weeks, both the United States and Australia had taken “historic” steps forward to address emissions.

“But the conflict in Ukraine, spiraling inflation in energy costs along with other goods and services, and significant disruption to supply chains, have put pressures on the promises to restrain carbon emissions around the world,” Prime Minister Davis said.

“The progress in the United States and Australia is important,” he pointed out.  “The world’s wealthiest and most powerful countries generate 80% of global emissions. They can act – when they choose to.”

“Their progress also shows nothing is inevitable, in this great fight of our time,” Prime Minister Davis pointed out.  “We cannot get stuck, or allow others to languish in inaction, when forward motion is required.”

Prime Minister noted that there was much room for innovation.

“I don’t just mean technological innovation – I also mean innovation in the way we think about climate challenges and solutions,” he said.  “Consider, for example, the Call to Action on Living Lands (CALL), which emerged from the Commonwealth Heads of Government meeting in Rwanda earlier this summer.

“The Call to Action highlights the importance of building natural resilience by stopping and reversing biodiversity loss, and developing nature-based and ecosystem-based approaches to combating climate change.”

Prime Minister Davis noted that, if it was true that almost all of the hard work fighting climate change lies ahead of them all, it was also true that their ingenuity was up to the challenge.

“And so, Friends, I encourage your most active and vigorous participation in these discussions.  Let us bring our best ideas to the table,” he said.  “Let us work together to construct a joint solution in respect of climate risk insurance and other climate risk facilities.

“And let us take practical steps to improve access to climate finance.”

Prime Minister Davis noted that they were well-aware that, going into COP27, work was underway to advance the implementation of a Santiago Network on Loss and Damage, along with the establishment of a Loss and Damage Facility.

“These are important tools to support our countries,” he said.

“However, we also need to ensure that risk or insurance facilities are also in the toolbox of solutions to help our people,” Prime Minister Davis added.  “Access to climate finance should not be unclear or cumbersome. And the application of per capita overseas development assistance eligibility should not be taken as the main consideration for offering climate finance; if so, means that many Caribbean states would be frozen out from the start.”

Prime Minister Davis said that they should all work together to advance the use of a Multi-Dimensional Vulnerability Index to reflect the true needs of Small Island Developing States; and work to persuade donors and partners to ensure that all SIDS are eligible for access to bilateral climate financing.

“Colleagues, we are at an important time, when the New Collective Quantified Goal on Climate Finance is currently being assessed by countries operating within the UNFCCC framework,” he said.

“If we can do the heavy lifting here, our chances of success are greatly improved,” he added.  “We are more likely to avoid the mistakes of the past.

“And we will have a greater chance of securing better futures for us all.”

Prime Minister Davis said that it was his “fervent hope” that the meeting becomes an annual event, one where common interests, shared objectives and mutually-accepted protocols, lead to “outcomes which will ensure our very survival”.

“It is no exaggeration to say that our very lives depend on it; and the only way forward is together,” he said.

 

Photo Caption: Prime Minister of The Bahamas and Minister of Finance the Hon. Philip Davis speaks, on August 16, 2022 at Baha Mar, during his Official Remarks at the Opening Plenary Session of the Caribbean Regional Heads of Government Meeting in Preparation for the United Nations Climate Change Conference of The Parties 27 (COP 27), which will take place in Sharm El Sheikh, Egypt in November.

(BIS Photos/Eric Rose)

 

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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