July 31, 2025
East Grand Bahama MP Kwasi Thompson in the House of Assembly on July 30, 2025. Photo: Dante Carrer/Tribune Staff
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Tax payers put on hook for $105m guarantees
Bahamian taxpayers have quietly been placed on the hook for a further $105m in government borrowing guarantees needed to underwrite new debt, refinance existing liabilties and pay-off prior defaults by the Bahamas Mortgage Corporation and Education Loan Authority (ELA).
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