July got underway with a high-level delegation led by Prime Minister Dr Hubert Minnis travelling to St Lucia to attend the 40th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM).
On the sidelines of the meeting, the Prime Minister urged CARICOM to work closely with regional tourism organizations, such as the CTO, to enhance the visitor offering through better analysis of data.
“It is only through the use of empirical data that we will be able to effectively implement marketing and productive development strategies that will improve our tourism products and better the lives of our citizens,” he said following a meeting with Allen Chastanet, the Prime Minister of St Lucia and CARICOM chairman.
Other items on the CARICOM agenda included international blacklisting, the Small Island Developing States Resilience Foundation, and the Caribbean Single Market and Economy.
Back in The Bahamas, it was a busy month for the Central Bank as it published its Q1 review and celebrated its 45th anniversary. It was also announced that the bank would become the seventh broker-dealer member of The Bahamas International Securities Exchange (BISX).
Commenting on the membership, Central Bank Governor John Rolle said that “through the bank’s presence on the exchange, we wanted to ensure that there continued to be ample liquidity in the secondary market for government securities. Retail investors, particularly, must be able to complete trades without delays.”
In business news, there was a notable Bahamian success last month. Cloud Carib was named as one of the world’s premier managed service providers on the prestigious 12th-annual Channel Futures MSP 501 rankings. Coming in above all other providers in the Caribbean and Latin America, and #160 out of 501 managed service providers worldwide, The Bahamas owned and headquartered company said it was honoured to be selected.
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