Prime Minister Dr Hubert Minnis. Photo: Donavan McIntosh
By NEIL HARTNELL
Tribune Business Editor
nhartnell@tribunemedia.net
THE government is mulling whether to create “sector specific funds” to finance areas such as renewable energy and food security as it bids to close a $2bn-plus infrastructure gap.
Dr Hubert Minnis, leading off the mid-year budget debate in the House of Assembly, said such funds could be part of a “fund of funds” structure created under the umbrella of the proposed sovereign wealth fund or National Infrastructure fund.
With a Growth Fund for the Family Islands, which would invest in sustainable tourism and the infrastructure to underpin it, also among the government’s goals, the prime minister said the structure is being worked out with help from the Inter-American Development Bank (IDB).
Dr Minnis, who also suggested that the US may be about to reduce The Bahamas’ “Level 3” COVID-19 “high risk” advisory to “Level 2” with a more moderate risk, said: “Given the economic climate and related fiscal constraints, the government is designing innovative mechanisms and emphasising public-private partnerships to mobilise substantial private sector capital, resources and expertise.”
Comments
The_Oracle 3 years, 1 month ago
Dumb asses. Your food security is via those already invested in the food supply chains, your "solar energy security" is also vested in those who can afford to do it, AKA private sector. if you'd just get your bureaucratic idiotic peons out of the way. I don't so much mind they know little to nothing when they enter office, what i do mind is they learn nothing while in office!
DWW 3 years, 1 month ago
Minnis is grasping to hold onto his seat, me thinks. playing polytricks now we see aye!
Sign in to comment
Or login with:
OpenID