Latest NewsThursday, June 27, 2013 | 2:45 PM
WASHINGTON (CMC) – The Inter-American Development Bank (IDB) has approved a US$450,000 technical cooperation grant for strengthening institutional capacity in the Bahamas.The Washington-based financial institution said the grant was made at the request of the Government of The Bahamas.It said the general objective of the technical co-operation is to strengthen the institutional capacity of the Office of the Prime Minister (OPM) within the Government of The Bahamas “through enhancing its long-term development planning and investment project assessment functions.”The IDB said the specific objectives are to strengthen the capacity of the OPM to carry out a long-term National Economic Development Strategy, and to “enhance the Bahamas Investment Authority’s capacity for assessing the impact of investment projects and their alignment to the National Economic Development Strategy.”“The lack of long-term development planning prevents investments from being strategically directed to those sectors offering greater development opportunities and thus affecting the overall performance of the economy.”According to the IDB, the Bahamas has requested its technical assistance “to incorporate good practices from similar institutions in other small states both for the preparation of the plan and for assessing the impact of investment projects.”Like our Facebook page https://www.facebook.com/jamaicaobserverFollow us on Twitter https://twitter.com/JamaicaObserver
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.
5. Please don’t use the comments to advertise. However, our advertising department can be more than accommodating if emailed:mailto:email@example.com.
6. If readers wish to report offensive comments, suggest a correction or share a story then please email: firstname.lastname@example.org.
- Bahamas gov't orders the immediate closure of web shop gaming
- Jamaica, Bahamas confident of taking Worlds 4x400 title
- Bahamas celebrating 40th anniversary of political independence
- Bahamas race to men's 4x400m gold
Leave a Reply
You must be logged in to post a comment.