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BAHAMAS: PM says Government on Track for Easing Burdens of the Poor

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#Nassau, January 18, 2019 – Bahamas – Prime Minister, Dr. the Most Hon. Hubert Minnis told stakeholders in the business and financial services sector that 2019 will see a more accountable and productive government and tangible relief for the poor.  He was addressing the 28th Annual Bahamas Business Outlook 2019 on Thursday, January 17, at Baha Mar Convention Centre under the theme, ‘Transforming The Bahamas’.

“This powerful theme echoes the government’s agenda of transforming our Commonwealth into a more productive, competitive and prosperous participant in the regional and global economies.  Our common purpose must be one of transformation for change,” the Prime Minister said.

Fresh from Brussels where he led a delegation to high-level meetings of the European Commission regarding the Bahamas’ financial services sector, the Prime Minister reported that those sessions were very constructive.

He said the meetings also “provided The Bahamas with a significant opportunity to ensure the Commission fully understands the scope of the efforts we are taking to adhere to global standards.  

“This includes a package of recently passed legislation, and a new framework aimed at strengthening industry regulations and protecting the financial services competitive edge as a leading international financial center,” the Prime Minister said.

And, he assured that the government is doing everything it can, in cooperation with industry stakeholders, and in keeping with the country’s national interests, to protect this important industry.

According to the Prime Minister, the government has made significant leaps in its fiscal affairs over the last year.  Chief among these initiatives is the enactment of the Fiscal Responsibility Act.  The Act provides a legally binding framework for responsible fiscal management.  This Act is a major historical advancement in the management of public finances and public administration for The Bahamas

“Indeed, it is one of the most advanced steps in an independent Bahamas in the area of fiscal responsibility by the Government of The Bahamas,” the Prime Minister said.  He added, “The Act represents the very essence of transformation.  We are ending the practice of under-budgeting and unrealistic projections.”

According to the Prime Minister, the country is experiencing a new era of making the Government more accountable for how the people’s money is spent.

“Six of our main principles for fiscal management are: accountability, responsibility, stability, transparency, inter-generational fairness and inclusive growth. 

“With these goals ever in mind, a transformed Bahamas is emerging,” he said.

Additionally, the Ministry of Finance has implemented quarterly fiscal reporting, “which again promotes transparency, so that the public, and businesspeople like those of you here this morning, may have a more accurate and timely picture of the state of the fiscal affairs of the country,” the Prime Minister said.

He noted that throughout 2018, the domestic economy continued positive expansion, driven by the government since coming to office.  And, as 2019 is underway, he said it is clear that the country is on a positive trajectory.

“But this is only a beginning. There is so much more to be done to create more jobs, more opportunity and better prospects for more Bahamians on New Providence, Grand Bahama and throughout our Family Islands.

“Our unemployment numbers need to go down, so that all Bahamians, especially younger Bahamians can fully experience the benefit of the economic revival,” the Prime Minister said.

According to the latest estimates by the International Monetary Fund (IMF) at the conclusion of their most recent mission in December, The Bahamas is projected to score annual growth to the tune of 2.3 percent in 2018. This is supported by the completion of Baha Mar and a stronger U.S. economy.

In 2019, the IMF estimates growth of 2.1 percent; this is the first time in 12 years, and the first time since the Great Recession of 2008, that The Bahamas has enjoyed projected growth of more than 2.0 percent for two consecutive years. 

“This is a milestone.  Growth means more jobs.  Growth means improved family income.  Growth means better opportunities and livelihoods for more Bahamians across the board,” the Prime Minister said.

 

By Lindsay Thompson

Release: BIS

Photo Caption: Prime Minister Minnis addresses the 28th Annual Bahamas Business Outlook 2019, on January 17 at Baha Mar under the theme, ‘Transforming The Bahamas.’  

 

(BIS Photos/Yontalay Bowe)

 

 

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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.

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

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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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