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Development Bank Moves To Forge International Ties

The Bahamas Development Bank (BDB) is moving to forge strategic alliances with similar multilateral and international lending institutions, as part of its 2014-2018 strategic plan.

Its managing director, Arinthia S. Komolafe, attended the 44th annual meeting of the Caribbean Development Bank’s (CDB) Board of Governors in Georgetown, Guyana.

proceeding with the implementation of its strategic plan for 2014-2018. One of the main components of the aforesaid plan is the creation of strategic alliances between BDB and multilateral and regional bodies in furtherance of the Bank’s mandate- which is to assist in the development of the Micro, Small and Medium-sized Enterprises (MSMEs) in The Bahamas.

“The meeting provided an avenue for regional development bankers to discuss matters of mutual interest and share ideas on ways to sustain these vital institutions that play a major role in the empowerment of our people and, ultimately, in our national development” said Mrs Komolafe.

She added that there were numerous opportunities available to the BDB through organisations such as the CDB and other multilateral agencies.

Also present at the meeting were representatives from the Ministry of Finance.

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