Speaking to the Nassau Guardian earlier this week financial expert, Dr Gilbert NMO Morris suggested that the PLP government's $1.9 billion 'tax free' budget, announced by Prime Minister, Perry Christie last week, represents a 'stop gap measure'.
The Nassau Institute chief told the newspaper that in order to truly kick-start the Bahamian economy, the new government will need to concentrate its efforts on attracting international investment.
'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,' Dr Morris explained, adding that: 'On the one hand, we want them to train Bahamians and on the other hand, it gives you instant skill within this economic jurisdiction.'
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