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CDB approves US$100 million policy-based loan to The Bahamas

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#TheBahamas, April 11, 2023 – The Caribbean Development Bank (CDB) has committed US$100 million in support to The Bahamas as it charts a path to economic recovery and resilience following the back-to-back disasters of hurricane Dorian and the COVID-19 pandemic.

The bank’s board of directors approved a policy-based loan (PBL), the first in a proposed two-part series of PBLs, with a second tranche of US$25 million expected to be appraised in the 2023/24 fiscal year.

The PBL will provide support to the government of The Bahamas as it undertakes a programme of policy, legislative, and institutional reforms aimed at strengthening fiscal discipline and boosting revenue mobilisation while safeguarding the vulnerable.

CDB director, economics department, Ian Durant stated the programme of assistance will help the Bahamian economy to get back on track after the devastating impacts of hurricane Dorian in 2019, and the COVID-19 pandemic in 2020.

“While The Bahamas was recovering from the impact of Dorian, the pandemic created an additional shock on the tourism-dependent economy of The Bahamas. These shocks led to an unprecedented crisis that inflicted severe costs on the economy and people of The Bahamas. Central Government (CG) indebtedness rose sharply, and policy momentum aimed at fiscal consolidation and unlocking higher medium-term growth was interrupted,” explained Durant.

Despite this, he said the government has been “making credible efforts towards restoring fiscal sustainability by implementing measures to increase revenue and reduce expenditure to bring its fiscal responsibility framework back on track” and it was against this background that CDB was lending its support.

CDB provides policy-based loans to governments in response to urgent needs occasioned by external or internal economic imbalances, including debt crises and temporary foreign reserves shortages.

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Husband Murder Plot foiled in The Bahamas; Wife and two others arrested 

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Rashaed Esson

Staff Writer

 

#TheBahamas, August 5, 2023 – An American woman has been arrested in The Bahamas, accused of conspiring with two men, one of them alleged to be her lover, to murder her estranged husband.

The woman, 36 year old Lindsay Shiver and the two men, 28-year-old Terrance Bethel, the alleged lover and 29 year old Faron Newbold, were taken into custody last week following police investigation of a reported burglary at Grabbers Bar and Grill restaurant on Great Guana Cay.

The police looked into their cell phones and found WhatsApp messages detailing the assassination plot to kill her husband.

The couple, who built a life in South Georgia have three children and are home owners on the island in the Abacos.

News outlets throughout the US have reported on the scandalous story, including that a nasty court battle over the couple’s reported, $5 Million dollar fortune and three children was underway.  Shiver, an entrepreneur is a former beauty Alabama queen, her husband a former football player was an insurance executive.

According to US media, the husband, Robert, recently filed for divorce from Shivers after a decade of marriage upon discovering she had an alleged extra-martial affair with Bethel whom she met in The Bahamas.

While the husband claims infidelity on the part of his wife, the wife claims he was abusive.

The suspects Shiver, Bethel and Newbold appeared before Acting Chief Magistrate Roberto Reckley on Friday July 28th.  Their next court date is set for October 5th.

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Alarming Sexual Assault cases raising fears in The Bahamas

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Rashaed Esson

Staff Writer

#TheBahamas, August 5, 2023 – The Bahamas is now facing an unfortunate reality as sexual assault has become and is a growing issue since 2023.  Women and girls are said to be living in fear for their safety from these perpetrators.

The Royal Bahamas Police force has reported on instances of assault in press releases found on their Facebook page.

One report spoke of a 50 year old they were searching for after he burglarized a home and sexually assaulted an elderly woman, 82 years old.  She was reported to be asleep when he woke and assaulted her.

This took place on Tuesday July 11th, 2023 at the home in the Centreville area of Nassau.

There is another incident that took place on July 17th, 2023 which the police are seeking in catching the suspect as they investigate.  It involves a man believed to the perpetrator in for an armed robbery and sexual assault.

According to preliminary data, he approached the victim, a female, with a firearm, robbed her and sexually assaulted her.  He proceeded to enter the house and robbed a male and escaped.  This happened in the Cowpen Road area; also in Nassau.

The assaults continue to grow in number as the police reported that they were investigating two other incidents that took place on July 24th.

The first had to do with a female, 30 years old who reported she was driving on West on Marshall Road when two men approached her after she slowed down near Faith Avenue.  One of the males with a firearm, forced her from her vehicle and took her to nearby bushes where they sexually assaulted her after which they escaped.

The second incident involved à 32 year old woman who was sexually assaulted by a male known to her.  It is reported that she was walking in the Fleming Street area when she accepted transportation from the suspect, who drove her to a dirt road off Gladstone Road where he presented a firearm and proceeded to rape her.

Furthermore, another assault, this time involving a 9 year old girl, was reported.  As revealed by preliminary information, the victim was playing with friends outside where she lives on Saturday July 29th, 2023 when the suspect, a 42 year old male of Summerset Estate, driving a white Nissan Skyline, arrived and gestured to her to enter the car.

She entered the car after which he took her to an unknown location, threatened her and sexually assaulted her.  She was later found somewhere in Spikenard Road; this also happened in Nassau.

Fortunately, he was caught and arrested for abduction and sexual assault on Sunday July 30th by officers affiliated with the Drug Enforcement Unit.

There are other reports of sexual assault throughout The Bahamas as well as rape and attempted rape during the earlier parts of the year, dating back to as early as February.

 

CAPTION: Women Leaders, including Ann Marie Davis, wife of the Prime Minister filled the gallery of The Bahamas Senate this week as members of the upper chamber debated the Protection Against Violence Bill 2023.  The debate came just as the country experiences a spike in sexual assaults against women and girls.  Photo by Patrick Hanna, BIS.

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Premier Misick received a courtesy call from the Bahamas Leader of the Opposition

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#TurksandCaicos, August 5, 2023 – On August 3rd, 2023, Premier Misick met with the Leader of the Opposition of the Commonwealth of the Bahamas, the Honorable Michael Pintard. The discussion was highly productive, and they delved into matters of mutual concern between their neighboring nations. Hon. Pintard was accompanied by other opposition members, including Senator the Honorable Darren Handfield and Mr. Joshua Sears.

 

Group photo caption:

From Left to Right: Mr. Joshua Sears, Senator Hon. Darren Hendfield, Premier Hon. Charles Washington Misick, Bahamas Leader of the Bahamas Hon. Michael Pintard and Deputy Premier Hon. Erwin J. Saunders.

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