AGP Executive Report
Last update: 8 hours agoPublic Finance: The Bahamas priced a US$1.1 billion, 13-year bond at 7.7%, extending debt maturities and refinancing government and energy-sector liabilities. Banking: The Central Bank is reviewing applications for new bank licences, with potential entrants expected to compete on fees and use digital services. Tourism: Baha Mar reports strong winter bookings and a positive first-quarter outlook, while cruise lines are seeking arbitration over planned VAT on ticket sales. Jobs and Services: A first five-year agreement covers 237 Parks and Beaches Authority workers, adding hazard pay, paternity benefits and formal grievance procedures. Economic Outlook: The Central Bank expects growth above 3% this year, driven by tourism and investment, but warns that higher import costs are squeezing households and says any government relief should be targeted.
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