Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
Accountants’ summit gets underway in Nassau

Public sector and accountancy professionals have convened in Nassau this week in hopes of strengthening the Caribbean's public financial management. 

Source:
Date:
Updated:
Author:
Public Finance International
Thursday, April 14, 2016
Thursday, April 14, 2016
Emma Rumney

April 14, 2016 (Public Finance) – The three-day conference is sponsored by the World Bank, the International Federation of Accountants, the Bahamian government and Canada’s chartered accountancy institute and kicked off in Nassau yesterday. It aims to re-energise efforts to improve PFM [public financial management] and public sector transparency and accountability, which are integral to economic growth in the region.


XXXXOpening the conference, Michael Halkitis, Bahamas minister of state for finance, said: “Public sector spending comprises a significant proportion of Caribbean gross domestic product. Given the sums involved, it’s vital that we get our houses in order.”

Halkitis added. “Enhanced public financial budgeting, accounting and reporting, based on accrual accounting, will enable us to shine a light in every corner of our finances and bring sustainability to government expenditure.”

The event aims to bring closer inter-governmental collaboration and strengthen relationships between public sector leaders and the accounting profession.

This is an excerpt from Public Finance International as it appeared on April 14, 2016. For updates or to read the current version of this post in its entirety, please click here.

Continue reading this post >

The Central Bank of The Bahamas governor John Rolle says that there is still a healthy flow of investment, despite predicted slow economic growth for this year. Watch a ZNS Network news interview with Rolle here.

Luxury auction firm Concierge Auctions, which sells elite real estate including exclusive properties in The Bahamas, achieved its highest first quarter revenue in the company's history. The firm kicked off 2016 with 22 properties auctioned between January and March in six US states and eight countries.

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD