Bahamas News
Bahamas Government and IDB Executives Discuss Rebuilding Plans for Abaco and Grand Bahama
#Nassau, October 2, 2019 – Bahamas – Public utilities and temporary shelter for residents of Abaco and Grand Bahama who have been displaced as a result Hurricane Dorian are among the priorities of The Bahamas Government for the Inter-American Development Bank’s (IDB) $100 million contingent loan for natural disasters.
Prime Minister the Most Hon. Dr. Hubert Minnis met with Mr. Luis Alberto Moreno, President, Inter-American Development Bank and executive board members, Monday, September 30, 2019 at the Office of the Prime Minister, and discussed matters related to the rebuilding of the two islands. Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest also attended the meeting.
Minister Turnquest said the government has accessed the full $100 million and it is going to be geared towards public utilities for both Bahamas Power and Light and water utility.
“We’re also using some of that money to provide temporary shelter for residents as we try to encourage them to go back to these islands and help in their reconstruction. Some of it will be used in the immediate emergency relief that’s necessary in order to support them during this upscale cycle where we get people back and commerce started,” added Minister Turnquest.
Mr. Moreno said the visit to was to show “solidarity” with The Bahamas, but more importantly with a view to how to rebuild Grand Bahama and Abaco, as IDB is a development institution.
The President announced that on October 1, 2019 a team of IDB representatives will arrive in The Bahamas to begin a major damage assessment on the cost of reconstruction for the hurricane stricken islands.
“One of the bigger challenges going forward [and I offered this to the Prime Minister] is how we can help him support the new Ministry that is created to do the reconstruction and help them do the coordination with a number of donors.”
“Tomorrow, a very big team will be arriving and will be working for the next few weeks in doing a major damage assessment that will put a dollar amount as to how much is the cost of the reconstruction that will essentially allow the government of The Bahamas to go to its partners in different countries that have expressed an interest in reconstruction to see how we can get the funding for that,” he said.
Mr. Moreno said discussions also centered on a $180 million project for the energy sector and the $100 million emergency line of credit for the use of immediate reconstruction, energy and water restoration and the initial phase of the removal of debris.
“I’m thinking, together with the Prime Minister, how to build back better and use the lessons from the horrible disaster to improve the lives of the people of The Bahamas and the Family Islands,” he added.
By Kathryn Campbell
Release: BIS
Photo Caption: Prime Minister the Most Hon. Dr. Hubert Minnis met with Mr. Luis Alberto Moreno, President, Inter-American Development Bank and executive board members, Monday, at the Office of the Prime Minister, and discussed restoration of storm-torn Abaco and Grand Bahama islands. Prime Minister Minnis is pictured, right, in handshake with President Moreno, and seated with IDB and OPM executives during their meeting. IDB Executives present were: Luis Alberto Moreno, President; Daniela Carrera Marquis, Country Representative for The Bahamas; Selwin Hart, Director/Caribbean Office; Roger Turnquest, Director/Caribbean Office; Eric Madueno, Director/Canada; and Eliot Pedrosa, Director USA.
(BIS Photos/Yontalay Bowe)
RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).
In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.
King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.
King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “
Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.
“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.
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