20.5 C
Florida
Tuesday, March 2, 2021

Economy will begin to improve this year :PM Minnis

Prime Minister of Bahamas Dr. Hubert Minnis on 21 February ensured that while this nation faces significant challenges, the government is meeting its core commitments and obligations, predicting that the economy will begin to improve this year.

Must read

Curfew hours remain 8:00 pm to 5:00 am daily: PM Holness

The islandwide curfew hours of 8:00 p.m. to 5:00 a.m. daily will remain in place until Tuesday (March 23), as the Government continues to revise measures to control the spread of the coronavirus (COVID-19).

St Lucia :Schedule for roll-out of COVID-19 vaccine

The Ministry of Health of St Lucia informed that the public that Phase 1B of the COVID-19 vaccination campaign has commenced.

Belize participates in the Green Climate Fund Transformational Climate Financing for the Caribbean Regional Dialogue

The Prime Minister of Belize, John Briceño, participated in a high-level session with the Green Climate Fund (GCF) executive and regional leaders to discuss some of the climate vulnerability challenges that Small Island Developing States (SIDS) are facing.

PM Roosevelt Skerrit announces new health centers in Clifton & Roseau

Prime Minister of Dominica Roosevelt Skerrit announced that Clifton & Roseau would soon get a new Health Centers accepting people's longstanding demand.
- Advertisement -

Bahamas: Prime Minister of Bahamas Dr. Hubert Minnis on 21 February ensured that while this nation faces significant challenges, the government is meeting its core commitments and obligations, predicting that the economy will begin to improve this year.

During a national address, Minnis stated: “Never in our recent history have we had to deal with disruptions of this scale. Thousands of people remain out of work. Hundreds of businesses are struggling to keep their doors open.”

He added: “Recently, there has been reckless chatter by some, suggesting that the country was on an economic precipice and that the country’s finances were in a depleted and chaotic state.

- Advertisement -

“Let me assure all Bahamians that while we face significant challenges that will remain with us for some time, the government is meeting its core commitments and obligations.”

Minnis noted that the government is providing millions of dollars every month to support the special unemployment assistance programs, the food program, and business loans and grants to Bahamian small businesses on a scale “never before seen in The Bahamas.”

The prime minister added that the government has been executing its Resilient Bahamas plan and has additional funding to extend the food programme and the unemployment programs, which he said: “continue to benefit tens of thousands of Bahamian families.”

- Advertisement -

This coming Wednesday, Minnis is expected to present the mid-year budget presentation to Parliament, during which time he will report to the nation on the country’s economic and fiscal situation.

“I will refresh you on our progress toward implementing the recommendations of the Economic Recovery Committee in an effort to ensure we have as strong and as robust an economic recovery as possible,” said Minnis.

“We are emerging out of this pandemic. Our economy will begin to improve this year. We will emerge into a better future.”

All countries are trying to revive from this situation of the global pandemic.

Click here for more news 

- Advertisement -
- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Curfew hours remain 8:00 pm to 5:00 am daily: PM Holness

The islandwide curfew hours of 8:00 p.m. to 5:00 a.m. daily will remain in place until Tuesday (March 23), as the Government continues to revise measures to control the spread of the coronavirus (COVID-19).

St Lucia :Schedule for roll-out of COVID-19 vaccine

The Ministry of Health of St Lucia informed that the public that Phase 1B of the COVID-19 vaccination campaign has commenced.

Belize participates in the Green Climate Fund Transformational Climate Financing for the Caribbean Regional Dialogue

The Prime Minister of Belize, John Briceño, participated in a high-level session with the Green Climate Fund (GCF) executive and regional leaders to discuss some of the climate vulnerability challenges that Small Island Developing States (SIDS) are facing.

PM Roosevelt Skerrit announces new health centers in Clifton & Roseau

Prime Minister of Dominica Roosevelt Skerrit announced that Clifton & Roseau would soon get a new Health Centers accepting people's longstanding demand.

Belize to get 25,000 COVID-19 vaccines from India by March 6

The Government of Belize announced on Monday that it would get the first batch of 25,000 COVID-19 Astra-Zeneca vaccine jabs from the Government of India by March 6, 2021.