Commonwealth Business Communications
  • HOME
  • ABOUT
  • COUNTRIES
    • AFRICA
      • BOTSWANA
      • CAMEROON
      • GAMBIA
      • GHANA
      • KENYA
      • KINGDOM OF eSWATINI
      • LESOTHO
      • MALAWI
      • MAURITIUS
      • MOZAMBIQUE
      • NAMIBIA
      • NIGERIA
      • RWANDA
      • SEYCHELLES
      • SIERRA LEONE
      • SOUTH AFRICA
      • TANZANIA
      • UGANDA
      • ZAMBIA
    • ASIA
      • BANGLADESH
      • BRUNEI DARUSSALAM
      • INDIA
      • MALAYSIA
      • MALDIVES
      • PAKISTAN
      • SINGAPORE
      • SRI LANKA
    • CARIBBEAN AND AMERICAS
      • ANTIGUA AND BARBUDA
      • BAHAMAS
      • BARBADOS
      • BELIZE
      • CANADA
      • DOMINICA
      • GRENADA
      • GUYANA
      • JAMAICA
      • SAINT LUCIA
      • ST KITTS AND NEVIS
      • ST VINCENT AND THE GRENADINES
      • TRINIDAD AND TOBAGO
    • EUROPE
      • CYPRUS
      • MALTA
      • UNITED KINGDOM
    • PACIFIC
      • AUSTRALIA
      • FIJI
      • KIRIBATI
      • NAURU
      • NEW ZEALAND
      • PAPUA NEW GUINEA
      • SAMOA
      • SOLOMON ISLANDS
      • TONGA
      • TUVALU
      • VANUATU
  • AREAS OF WORK
    • GOVERNMENT
    • EDUCATION
    • HEALTH
    • ICT
    • INFRASTRUCTURE DEVELOPMENT
    • NATURAL RESOURCES
    • SUSTAINABLE DEVELOPMENT GOALS
    • TRADE AND INVESTMENT
  • OUR PUBLICATIONS
    • CHOGM
      • COMMONWEALTH HEADS OF GOVERNMENT INTERIM REPORT 2020
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2018 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2015 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2011 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2009 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2007 REPORT
    • HEALTH
      • COMMONWEALTH HEALTH REPORT 2022
      • COMMONWEALTH HEALTH REPORT 2020
    • EDUCATION
      • COMMONWEALTH EDUCATION REPORT 2021
      • COMMONWEALTH EDUCATION REPORT 2019
    • MINISTERS
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2017
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2015
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2014
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2011
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2010
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2009
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2008
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2007
    • FINANCE
      • COMMONWEALTH FINANCE MINISTERS REPORT 2012
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2010
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2009
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2008
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2007
    • TRADE AND INVESTMENT
      • AFRICA INFRASTRUCTURE INVESTMENT REPORT 2013
    • QUEEN AND COMMONWEALTH
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S PLATINUM JUBILEE
      • QUEEN & COMMONWEALTH: 90 GLORIOUS YEARS
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S DIAMOND JUBILEE
  • CONTRIBUTORS
  • CONTACT US
Commonwealth Business Communications
Commonwealth Business Communications
  • HOME
  • ABOUT
  • COUNTRIES
    • AFRICA
      • BOTSWANA
      • CAMEROON
      • GAMBIA
      • GHANA
      • KENYA
      • KINGDOM OF eSWATINI
      • LESOTHO
      • MALAWI
      • MAURITIUS
      • MOZAMBIQUE
      • NAMIBIA
      • NIGERIA
      • RWANDA
      • SEYCHELLES
      • SIERRA LEONE
      • SOUTH AFRICA
      • TANZANIA
      • UGANDA
      • ZAMBIA
    • ASIA
      • BANGLADESH
      • BRUNEI DARUSSALAM
      • INDIA
      • MALAYSIA
      • MALDIVES
      • PAKISTAN
      • SINGAPORE
      • SRI LANKA
    • CARIBBEAN AND AMERICAS
      • ANTIGUA AND BARBUDA
      • BAHAMAS
      • BARBADOS
      • BELIZE
      • CANADA
      • DOMINICA
      • GRENADA
      • GUYANA
      • JAMAICA
      • SAINT LUCIA
      • ST KITTS AND NEVIS
      • ST VINCENT AND THE GRENADINES
      • TRINIDAD AND TOBAGO
    • EUROPE
      • CYPRUS
      • MALTA
      • UNITED KINGDOM
    • PACIFIC
      • AUSTRALIA
      • FIJI
      • KIRIBATI
      • NAURU
      • NEW ZEALAND
      • PAPUA NEW GUINEA
      • SAMOA
      • SOLOMON ISLANDS
      • TONGA
      • TUVALU
      • VANUATU
  • AREAS OF WORK
    • GOVERNMENT
    • EDUCATION
    • HEALTH
    • ICT
    • INFRASTRUCTURE DEVELOPMENT
    • NATURAL RESOURCES
    • SUSTAINABLE DEVELOPMENT GOALS
    • TRADE AND INVESTMENT
  • OUR PUBLICATIONS
    • CHOGM
      • COMMONWEALTH HEADS OF GOVERNMENT INTERIM REPORT 2020
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2018 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2015 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2011 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2009 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2007 REPORT
    • HEALTH
      • COMMONWEALTH HEALTH REPORT 2022
      • COMMONWEALTH HEALTH REPORT 2020
    • EDUCATION
      • COMMONWEALTH EDUCATION REPORT 2021
      • COMMONWEALTH EDUCATION REPORT 2019
    • MINISTERS
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2017
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2015
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2014
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2011
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2010
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2009
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2008
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2007
    • FINANCE
      • COMMONWEALTH FINANCE MINISTERS REPORT 2012
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2010
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2009
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2008
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2007
    • TRADE AND INVESTMENT
      • AFRICA INFRASTRUCTURE INVESTMENT REPORT 2013
    • QUEEN AND COMMONWEALTH
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S PLATINUM JUBILEE
      • QUEEN & COMMONWEALTH: 90 GLORIOUS YEARS
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S DIAMOND JUBILEE
  • CONTRIBUTORS
  • CONTACT US
BDB Bahamas Development Bank in Nassau. A pink building with white columns.

RETOOLED BAHAMAS DEVELOPMENT BANK WILL BETTER MEET THE NEEDS OF SMALL BUSINESSES

  • CBC News Team
Total
0
Shares
0
0
0

The Bahamas Development Bank (BDB) has invested in retooling and re-energising the organisation to better meet the needs of small businesses across The Bahamas, said Prime Minister the Most Hon. Dr. Hubert Minnis.

Prime Minister Minnis was speaking at the official opening of the Bank’s new headquarters on Robinson Road, on Monday 8th March.

“As you are aware, there has been a significant increase in funds for small business development through the Small Business Development Center,” said the Prime Minister.

“The increased investment in small businesses and entrepreneurs is at the heart of my Government’s ongoing diversification of our economy.”

BDB’s new logo and new premises are a part of the retooling of the Bank, said Prime Minister Minnis.

The Bank has acquired new technology and is fostering a greater culture of accountability, said the Prime Minister.

It is also embracing its role as a catalyst for economic development via strengthening existing partnerships and fostering new ones.

“This transformation is underpinned by an ambitious, innovative strategic plan that supports a sustainable financial plan and advances Sustainable Development Goals that will promote development on a national level,” said the Prime Minister.

Related articles: CARICOM’S TRADE AND ECONOMIC COUNCIL APPROVES RE-OPENING STRATEGY

Prime Minister Minnis invited BDB to utilise the work of the Economic Recovery Committee (ERC), particularly the work of the committee’s Orange Economy Subcommittee.

The Orange Economy is a model developed by the Inter-American Development Bank (IDB) in 2013 and is comprised of the sectors whose goods and services are based on intellectual property (e.g. advertising, architecture, crafts, design, fashion, film, music, publishing, etc.)

The Orange Economy is estimated to be worth upwards of $4 trillion globally.

According to the subcommittee’s report, “the concept holds great potential for positive economic growth but sadly, The Bahamas has not quite manifested the value of this sector, despite its rich culture and a relatively large pool of skilled artisans.”

In order to tap into that potential, the ERC has urged the Government to seek to address a number of fundamental issues that range from the enhanced protection of intellectual property to greater access to financing for creators with entrepreneurial ambition, along with an improvement in the ease of doing business.

“I invite the Bank and other private and public stakeholders to explore commercial opportunities recommended by the Economic Recovery Committee, including suggestions for the Orange Economy,” said Prime Minister Minnis.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
Related Topics
  • the bahamas
  • Bahamas development bank
CBC News Team

Previous Article

CARICOM: HEADS OF GOVERNMENT AGREE BATTLEPLAN AGAINST COVID-19

  • CBC News Team
Read More
Next Article

NATIONAL DAY – BAHAMAS

  • CBC News Team
Read More
You May Also Like
Charles slavery
Read More
  • CHOGM Reports
  • Heads of Government
  • Queen & Commonwealth
  • BAHAMAS
  • BARBADOS
  • CARIBBEAN AND AMERICAS
  • BELIZE
  • JAMAICA
  • RWANDA

Prince Charles laments “personal sorrow” over slavery

  • CBC News Team
  • 27 June 2022
Read More
  • ANTIGUA AND BARBUDA
  • BAHAMAS
  • CARIBBEAN AND AMERICAS
  • BARBADOS
  • BELIZE
  • CANADA
  • DOMINICA
  • GRENADA
  • GUYANA
  • TRADE AND INVESTMENT
  • JAMAICA
  • SAINT LUCIA
  • ST KITTS AND NEVIS
  • ST VINCENT AND THE GRENADINES
  • TRINIDAD AND TOBAGO

Robust strategies needed for CARICOM to rebound from COVID-19

  • CBC News Team
  • 7 May 2022
Read More
  • BAHAMAS

NATIONAL DAY – BAHAMAS

  • CBC News Team
  • 10 July 2021
Read More
  • GOVERNMENT
  • ANTIGUA AND BARBUDA
  • BAHAMAS
  • CARIBBEAN AND AMERICAS
  • BARBADOS
  • BELIZE
  • DOMINICA
  • GRENADA
  • GUYANA
  • JAMAICA
  • SAINT LUCIA
  • ST KITTS AND NEVIS
  • ST VINCENT AND THE GRENADINES
  • TRINIDAD AND TOBAGO

CARICOM: HEADS OF GOVERNMENT AGREE BATTLEPLAN AGAINST COVID-19

  • CBC News Team
  • 17 April 2020
OUR LATEST PUBLICATION

Subscribe to our Newsletter

PARTNER FOCUS
Recent Posts
  • Celebrating Togo Independence Day
    Celebrating Togo Independence Day
  • Celebrating Sierra Leone Independence Day
    Celebrating Sierra Leone Independence Day
  • Solomon Islands introduces first fleet of e-buses
    Solomon Islands introduces first fleet of e-buses
  • Commonwealth, Intel launch digital learning platform to bridge global AI divide
    Commonwealth, Intel launch learning platform to bridge global AI divide

Subscribe

Subscribe now to our newsletter

Commonwealth Business Communications
  • HOME
  • About
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2022 Commonwealth Business Communications Limited. All Rights Reserved.

Input your search keywords and press Enter.