The Bahamas expects to pay USD80 million of its national debt in the next fiscal year, the country’s minister of state for finance said, according to the Tribune. The state minister, Zhivargo Laing, added that Bahamas will continue to seek technical assistance grants to support its economic and social development. Bahamas’ gross domestic product is not attractive enough for the country to get loans, but several institutions are willing to give technical assistance grants, Laing explained.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.