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The Bahamas attracts $928m FDI

Foreign Direct Investment (FDI) inflows to The Bahamas totalled $928m last year, making the country one of the most successful in the Caribbean at attracting investment. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, July 30, 2018
Tuesday, July 31, 2018

According to a report from the United Nations, FDI into The Bahamas dipped slightly last year, from $943m in 2016, but remains resilient and well above its lacklustre performance in 2015 when the country received just $408m in inflows.

The Bahamas’ performance is second only to the Dominican Republic, which claimed more than half of the Caribbean’s $5.8bn total. Most FDI to the region came from the United States and the European Union.


The Economic Commission for Latin America and the Caribbean predicts stability in the short-term and called on governments to incentivise quality FDI that is compatible with sustainable development.

To view a copy of the report visit cepal.org.

Minister of Labour Dion A Foulkes recently met with officials from Carnival Cruise Lines, as the Government looks to partner with the company to increase Bahamian employment.

The Ministry of Finance will shortly convene the first meeting of the National Blockchain Strategy Committee, with Deputy Prime Minister and Minister of Finance Peter Turnquest highlighting the need for the country to capitalise on the emerging technology.

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