#NASSAU, Bahamas — January 30, 2020 — Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest explained that the Government is presenting the extraordinary and unexpected fiscal impact of Hurricane Dorian as a Supplementary Budget, so that the Bahamian people are made fully aware of exactly how the Government intends to address the challenges which have emerged.
As he presented the Supplementary Budget Statement in the House of
Assembly, Wednesday, January 29, 2020, DPM Turnquest stated that the
supplementary appropriations outline both the expected revenue losses arising
from the Hurricane together with the increases in the recurrent and capital
expenditure allocations necessary to deal with the emerging restoration and
rebuilding activities on the islands of Abaco and Grand Bahama.
Peter Turquest, Bahamas Deputy Prime Minister, Minister of Finance
“The Supplementary
Budget Book provided to this Honourable House presents the expected revenue
loss for this fiscal year, by the respective revenue categories, which underlay
the adjusted revenue budget for FY2019/20; it details the additional capital
and recurrent expenditure arising from Hurricane Dorian, as well as several
other policy imperatives. As these
impacts are multi-year, the medium-term forecasts have been extended by one
year and revised through to FY2022/23.”
He noted that in
circumstances like this facing substantial revenue loss and significant new
expenditure requirements, governments are compelled either to raise additional
funds through greater taxation – or through increased borrowing in the near
term. “The Government has determined
that additional taxes would not be optimal at this time, given the substantial
impact of Dorian to our economy and the need to maintain private consumption
levels. Accordingly—and very
conscientiously—the government has decided to fund the revenue loss and
expenditure requirements through additional borrowings.
“Thus, I am also
tabling a new borrowing resolution for authorization to borrow beyond the $72.4
million (which excludes the $628.0 million for refinancing of maturing debt) approved
at the time of the 2019/20 Budget Communication in May of last year.”
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He said, “As I
mentioned during the tabling of the 2019 Fiscal Strategy Report in November, we
anticipate that total revenue for FY2019/20 will now be reduced by $232.6
million, due to revenue losses and revenue foregone from VAT, Business Licence
fees, Customs, and a number of other taxes in the Hurricane-affected islands.”
DPM Turnquest stated
that it is important to remind the House that given the magnitude of the impact
of Dorian on the islands of Abaco and Grand Bahama, the Government unveiled an
unprecedented package of tax incentives and concessions as a key part of the
establishment of the Special Economic Recovery Zone (SERZ). I know that members opposite agree—like all
Bahamians—that this was and is the right thing to do.
“However the impact of
those much needed tax concessions for those island mean that over $200 million
in tax revenues is being deliberately and consciously foregone. This is being done so that the government is
doing as much as it reasonably can to aid the speedy recovery and restoration
of those impacted communities.
“Thus, at year-end, we
project a revised aggregate revenue of some $2,395.6 million in FY2019/20, as
opposed to the $2,628.2 estimated at the time of the annual budget exercise.”
He added that given the
total incremental spending that the Government will have to undertake to
initiate rebuilding and restoration efforts, we anticipate that total
expenditure will increase to $3,073.1 million for FY2019/20, in comparison to
the $2,765.0 initially budgeted and approved.
Abaco post Hurricane Dorian
The DPM explained that
recurrent expenses are projected to be higher by $157.6 million, bringing the
revised estimates to $2,687.6 million.
Of this total, approximately $82.7 million is associated with Hurricane
Dorian, which include:
$23.1 million in costs
associated with clean-up activities,
$12.9 million to
facilitate food and accommodation assistance programmes,
$11.4 million to fund
the extension of the unemployment benefit to eligible persons,
$11.1 million in
allowances for affected public staff,
$5.4 million for the
acquisition of supplies and materials,
a $1.5 million
allocation to the new Ministry of Disaster Preparedness, Management and
Reconstruction, and,
the remaining $17.3
million allocated to primarily cover contingencies, consultancy services,
security and other costs.
He said, “This spending has and will facilitate a number of social assistance measures on the Government’s part. For example, the Government has aided with rental assistance to evacuees from both Grand Bahama and Abaco, provided accommodations to hurricane victims by way of shelters, food assistance to victims outside of the shelters, and has also extended its national lunch benefit to displaced students that relocated to schools in New Providence. In addition, the Government is seeking to expand the National Insurance Board (NIB) unemployment benefit to 26 weeks from 13 weeks to eligible persons that have been impacted by the storm.”
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June 16, 2026 – Thirty-four years after formal negotiations began, Turks and Caicos Islands and The Bahamas are still working to define an agreed maritime boundary between the neighbouring archipelagos, a revelation emerging from a recent Turks and Caicos Cabinet summary which has brought renewed attention to a largely overlooked diplomatic and security issue.
A May 2026 Turks and Caicos Cabinet update suggests the long-running negotiations are continuing to advance. In August 2023, Bahamas Foreign Affairs Minister Fred Mitchell said efforts to draw an exact maritime boundary had been slowed by the challenge of gathering the mapping and locational data required for the exercise. The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few details beyond confirming that both sides remain committed to maritime boundary delimitation talks.
The negotiations are not centred on a territorial dispute but rather on establishing a legally recognized maritime boundary under international law. Such agreements help determine jurisdiction over fisheries, maritime resources, law enforcement activities, environmental protection and migration control in the waters between neighbouring countries.
While the discussions focus on the boundary between The Bahamas and Turks and Caicos, the exercise is part of a wider maritime delimitation effort — the process of formally marking and agreeing upon where one country’s waters end and another’s begin. In comments to The Tribune in August 2023, Mitchell referenced similar boundary considerations involving the United States and Haiti, underscoring the broader regional importance of defining maritime jurisdictions in accordance with international law.
According to public statements from The Bahamas, formal negotiations between the two sides began in 1992 and were followed by technical discussions in 1996. After years of little public activity, talks resumed in 2023 and have continued through a series of engagements involving legal, maritime, security and geographic information specialists.
The importance of maritime boundaries was underscored by former Bahamas Foreign Affairs Minister Brent Symonette during maritime boundary discussions between The Bahamas and the United States in 2009. At the time, Symonette described clearly defined maritime borders as essential to national sovereignty, law enforcement, fisheries management, environmental protection and efforts to combat illegal migration. He also argued that agreed boundaries provide legal certainty and strengthen cooperation between neighbouring countries.
The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few public details beyond confirming its commitment to the process. However, officials from the Foreign, Commonwealth and Development Office participated alongside TCI representatives during talks held in Nassau in August 2023. The Turks and Caicos delegation included then Permanent Secretary Wesley Clerveaux, whose responsibilities included Marine Affairs.
At this stage, the TCI Cabinet has only publicly identified the area under discussion as being south of “Point 1.” Information released by The Bahamas following a 2023 meeting indicates the negotiations concern waters between the southeastern Bahamas and the Turks and Caicos Islands. While no map has been made public, the available information places the discussions south of Bahamian islands including Mayaguana and Great Inagua. Exactly where the proposed boundary would meet the Turks and Caicos archipelago remains unclear from public records.
The latest Cabinet update offers no indication of when the negotiations may conclude. However, after more than three decades of intermittent discussions, recent references by both governments suggest efforts to finally draw the line between the two jurisdictions are continuing.
The Bahamas, June 9, 2026– The Caribbean Development Bank’s annual gathering may have concluded in The Bahamas, but attention is already turning to Belize as leadership of the institution’s Board of Governors officially changed hands.
At the close of the 56th Annual Meeting in Nassau, outgoing Chairman and CDB Governor for The Bahamas, Michael Halkitis, formally transferred the chairmanship to Belize’s Dr. Hon. Osmond Martinez, continuing the Bank’s tradition of rotating leadership among its regional shareholders.
The handover capped a week of discussions focused on financing development in an increasingly uncertain global environment and strengthening the Caribbean’s ability to withstand economic and climate-related shocks.
One of the meeting’s most closely watched conversations centered on how multilateral development banks can better support vulnerable Small Island Developing States.
During the President’s Chat, titled Financing the Future: MDB Strategies for Uncertain Times, CDB President Daniel Best joined leaders from the OPEC Fund, the Central American Bank for Economic Integration and the Fund for Responding to Loss and Damage to discuss expanding development finance and building resilience.
OPEC Fund President Dr. Abdulhamid Alkhalifa emphasized that development institutions must move beyond responding to crises and instead help countries prepare for them.
“The real test is whether we can help countries move from strategy to implementation, and from implementation to results,” Alkhalifa said.
The discussions reflected a growing regional push for innovative financing solutions as Caribbean nations continue to confront climate vulnerability, infrastructure demands and economic uncertainty.
Beyond discussions on financing and resilience, the Annual Meeting also featured youth engagement activities, including the Youth FIRE Forum, where young Caribbean leaders participated in conversations about innovation, entrepreneurship, leadership and the future of regional development. Senior government officials, development professionals and youth delegates exchanged ideas on the challenges and opportunities facing the next generation, reinforcing a recurring message throughout the conference: that investments made today must ultimately improve opportunities for Caribbean youth tomorrow.
That theme was echoed by Bahamas Prime Minister Philip Davis, who used the opening ceremony to challenge regional leaders to invest in future generations.
“We must invest in the one asset that no agency can ever downgrade, and that no storm can ever wash away: the mind of a Caribbean child,” Davis told delegates.
With Belize now assuming the chairmanship, regional leaders say the focus remains on transforming ideas discussed in Nassau into tangible results for Caribbean people.
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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.