Aerial view of Atlantis Paradise Island, off the coast of Nassau, The Bahamas. (Photo: Sports Illustrated)

Committee appointed to spearhead The Bahamas’ economic recovery

Aerial view of Atlantis Paradise Island, off the coast of Nassau, The Bahamas. (Photo: Sports Illustrated)

An economic recovery committee has been appointed in The Bahamas to assist with the country’s handling of the coronavirus (COVID-19) impact.

Prime Minister Dr Hubert Minnis (Photo: CARICOM)

Prime Minister Dr Hubert Minnis, in a statement yesterday, April 26, said the members come from the public and private sectors and will make recommendations to the government which will guide the country’s long-term economic recovery during and in the aftermath of the pandemic.

The recommendations will include ideas for job-creation and stimulating small business recovery and development in response to COVID-19.

“The Committee will focus on restoring the macroeconomy; restarting a competitive business environment; economic diversification; tourism and transport; financial services and labour”, the statement said.

It will be chaired by Acting Financial Secretary Marlon Johnson and businessman Ken Kerr, CEO, Providence Advisors.

Other members of the committee include:  

• John Rolle, Governor, Central Bank of The Bahamas

• Wendy Craigg, former Central Bank Governor; Advisor, Ministry of Finance

• Christina Rolle, Executive Director, Securities Commission of The Bahamas

• Davinia Blair-Grant, Executive Director, Small Business Development Centre

• John Delaney, QC, Senior Partner, Delaney Partners

• Khrystle Rutherford-Ferguson, Chair, Bahamas Chamber of Commerce and Employers Federation

• Greg Laroda, Chair, Grand Bahama Chamber of Commerce

• Suzanne Pattusch, Executive Vice-president, Bahamas Hotel & Tourism Association

• Tanya McCartney, Executive Director, Bahamas Financial Services Board

• Nat Beneby, former Managing Director, RBC Royal Bank

• Patrick Ward, President/CEO, Bahamas First General Insurance Co.

• Edison Sumner, Principal, Sumner Trading Partners

• Franklyn Butler, CEO/President, Cable Bahamas Ltd.

• Obie Ferguson, President, Bahamas Trade Union Congress

•Matt Aubry, Executive Director, Organization for Responsible Governance

Commenting on the initiative, Minnis said the committee should be bold and creative. “We are in a new era.  We need to think and act in new ways in order to recover as quickly as possible and to build a more dynamic and diverse economy.  We have to enhance the use of digital technologies and delivery services.

“I look forward to the ideas, policies and programs the Committee will recommend to help The Bahamas to recover and to create jobs and more entrepreneurial opportunities, including for young Bahamians.”