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Bahamas looks for economic boost from IDB AGMs

Caribbean360 reports on how The Bahamas is hoping for a big tourism and economic boost from the country’s hosting of major international meetings in April. Nassau will be the location for the AGM of the Boards of Governors of the Inter-American Development Bank and the AGM for the Inter-American Investment Corporation. Read our excerpt from the piece or click here for the source.

Source:
Date:
Updated:
Caribbean360
Wednesday, February 24, 2016
Wednesday, February 24, 2016

NASSAU, Bahamas, February 2016 (Caribbean360) – The Bahamas is hoping for a big tourism and economic boost from the country’s hosting of major international meetings in April.

Nassau will be the location for the 57th Annual General Meeting (AGM) of the Boards of Governors of the Inter-American Development Bank (IDB) and the 31st AGM for the Inter-American Investment Corporation (IIC), a member of the IDB.

Chief Operations Officer of the Local Organizing Committee, Lynden Maycock is optimistic that there will be a myriad of direct and spin-off opportunities in tourism, culture and other related sectors of the economy, as a result of the influx of visitors for the meetings.


“When we look at persons coming into The Bahamas, some 5,000 delegates are slated to be attending the conference. We have properties (benefitting) from the Island House near Lyford Cay, to the Melia, to SuperClubs Breezes, to Sunset Resort, to Atlantis to Sandals and Comfort Suites. You will even find private individuals who will be renting their homes to accommodate a number of delegates that will be attending the conference here in The Bahamas,” he said.

Public and private sector delegates, as well as delegates representing the IDB’s 48 member countries, are expected to attend the IDB-IIC meetings slated for April 7 to 10. Finance Ministers from the various member countries serve as Governors on the Board of the IDB and will lead their countries’ delegations.

Source

This is an excerpt from Caribbean360 as it appeared on February 24, 2016. For updates or to read the current version of this post in its entirety, please click here.

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