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Bahamas Government Reaffirms Commitment To Attracting FDI

by Amanda Banks, Tax-News.com, London

07 June 2002

Following suggestions from one of the country's leading economists with regard to kick-starting the Bahamian economy, the PLP government has reaffirmed its commitment to maintaining internationally high standards within its financial services sector, and to attracting more foreign investment and talent to the region.

Speaking at the General Assembly of the Organisation of American States, held in Barbados this week, Financial Services and Investment Minister, Allyson Maynard-Gibson announced that Prime Minister, Perry Christie has pledged to: 'work closely with our international partners and friends, particularly our CARICOM sisters, in advancing the interests of the region,' according to the Nassau Guardian on Thursday.

This echoes the sentiment expressed earlier this week by Nassau Institute chief, Dr Gilbert NMO Morris. Referring to the PLP's recent budget as a 'stop gap measure', Dr Morris told the newspaper that:

'We have to grow this economy and the way to do that is we have to get over our fear of the foreigner and we have to go out and dutifully and internationally recruit the best people with the best talent from all over the world.'

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