The Central Bank of The Bahamas Governor John Rolle was a keynote speaker at the Bahamas Business Outlook conference held in Nassau earlier this week.

During his address at the Baha Mar resort January 16, Rolle said the focus of his speech was on how the domestic financial sector should be viewed as a supportive force in supporting national recoveries for natural disasters.

“This ties into policies to sustain and enhance the collective strength of the balance sheets of deposit-taking institutions; reinforcing the role that foreign exchange buffers provide for recoveries and boosting the resilience of household balance sheets.”

“As the public finances improve, so will resiliency prospects, as would initiatives to reduce disaster risk exposures for tourism assets.

“A central bank digital currency, as encapsulated in the Project Sand Dollar initiative will also promote the resilience most vital in restoring the access and connectivity to financial services after disasters strike.”

Read/download Rolle’s full address here:

• Towards a Financial Sector Disaster Recovery Plan for The Bahamas (530kB)