November 9, 2021
Economic Affairs Minister Michael Halkitis. BIS Photo/Patrick Hanna
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Minister pledges: No $10bn debt default
The Bahamas will not default on its $10.356bn national debt or have to seek IMF assistance, a Cabinet minister asserted yesterday, amid mounting public concern over the nation’s fiscal woes.
Minister says Bahamians ‘alarmed’ by $10bn debt
A Cabinet minister yesterday conceded that Bahamians are becoming increasingly “alarmed” over the $10bnm-plus national debt and “systematic” action is needed to address it.
Campaign finance reform on agenda
THE Davis administration plans to amend the Public Disclosure Act to include campaign finance reform with a view of prosecuting those “who run afoul of the law,” Economic Affairs Minister Michael Halkitis said yesterday.
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