![\"Economic](\"https:\/\/www.bahamastradeinfo.gov.bs\/cms\/wp-content\/uploads\/2020\/06\/Economic-Recovery-Committee-300x300.jpg\")
The committee was appointed to address the impact of the COVID-19 pandemic on The Bahamas<\/h3>\nThe committee was appointed to address the impact of the COVID-19 pandemic on The Bahamas<\/h3>\nThe Economic Recovery Committee (ERC), says that substantial efforts are well underway to design a plan to guide the government\u2019s strategy for restoration and recovery.<\/p>\n
The committee was appointed and charged by Prime Minister Dr. Hubert Minnis to provide actionable recommendations to address the economic impact of the COVID-19 pandemic on The Bahamas. It is co-chaired by Acting Financial Secretary Marlon Johnson and financial services veteran Kenwood Kerr, and comprised of other local economic thought leaders.<\/p>\n
\u201cWe accept the Prime Minister\u2019s charge that these new realities, characterized by so much uncertainty, demand new and innovative approaches to shaping our post-COVID society,\u201d said Johnson. \u201cOur goal is to provide recommendations that build a resilient and dynamic Bahamian economy that spurs inclusive growth and allows businesses across sectors to emerge from the pandemic stronger than before.\u201d<\/p>\n
In May, the ERC announced that its sweeping mandate to restore the macroeconomy would be shouldered by sub-committees to allow for greater concentration on the key sectors. It has since established ten sub-committees with broader memberships to examine the full range of key issues and economic and social segments. These subcommittees will present insights and recommendations on the blue, orange and green economies; digital and conceptual economies; Family Island development, and the manufacturing and trade sectors.<\/p>\n
The ERC is pleased to announce that they have already begun public engagement and consultation. On Friday 12 June, the Agriculture, Fisheries & Manufacturing subcommittee met virtually with the Minister of Agriculture and his team to discuss prospects for the agriculture and fisheries industry, while the Health & Social Capital subcommittee met with a prominent wellness consultant to discuss health and wellness programs for Bahamians. The Structural Reform subcommittee hosted a presentation from Professor Avinash Persaud, Special Envoy to the Prime Minister of Barbados for Investment and Financial Services. Professor Persaud presented on economic stabilization, which is a key element of the structural reform\u2019s subcommittee scope.<\/p>\n
The sub-committees are also mining all available industry data and leveraging existing government plans \u2013 including the National Development Plan and the proposal of the National Economic Advisory Council \u2013 to deliver solutions to immediate challenges and long-term strategies to create a business environment that is globally competitive and affords easier access to land, credit and public services.<\/p>\n
In developing its robust and dynamic policies, the subcommittees are focusing on key structural and development areas ranging from expanding and strengthening social programs across the
\nbreadth and width of The Bahamas, to creating and promoting a sustainable health care system. In addition, special focus is being given to existing structural impediments, including, but not limited to, the policy framework for the approval process for both domestic and foreign investment, tax reform, and the ease of doing business.<\/p>\n
The ERC is seeking to address energy reform, in particular climate resiliency and utility deregulation, as well as issues related to food security and sustainability, and the comprehensive development of the Family Islands.<\/p>\n
With tourism as our primary industry, the Tourism & Orange subcommittee is exploring ways to ensure the safe and sound resumption of tourism activity, including expanding the ways in which Bahamians can enter this industry for investment purposes through the vacation rental market. The subcommittee is finalizing a plan for the full activation of the \u201cOrange Economy\u201d, to showcase that art, craft and Bahamian culture can truly set apart the Bahamian experience and allow the country\u2019s artists and artisans to maximize opportunities on a global scale.<\/p>\n
Upon the conclusion of its deliberations and public engagement, the ERC will present its policy recommendations and findings in a final report to the Prime Minister and his Cabinet by early September 2020.
\n\u201cWe are at a critical juncture in The Bahamas, where we must embrace the opportunity to redefine and shape a new economy and future for Bahamians for generations to come. But it cannot be business as usual. We need sustained and robust economic growth to maintain and improve the standard of living of all Bahamians. To do so will require us to do things and approach things in very different ways that may buck much of the conventional wisdom and prevailing narratives to which we have grown accustomed\u201d, noted Ken Kerr, co-chair to the ERC.<\/p>\n
The Economic Recovery Committee was appointed by the Government of The Bahamas in the wake of the COVID-19 pandemic to deliver policy recommendations that will guide the government\u2019s strategy for recovery and the creation of an economy that is resilient, dynamic, inclusive and sustainable. The ERC comprises local economic thought leaders and is divided into ten sub-committees tasked with formulating policy recommendations specific to their sector.<\/p>\n
Digitization and the Conceptual Economy:<\/strong> Franklyn Butler (Chair) Energy & Environmental Stewardshi<\/strong>p:<\/strong> Matt Aubry (Co-Chair), Christina Rolle (Co-Chair), Suzanne Pattusch (Co-Chair) Tourism & the Orange Economy:<\/strong>\u00a0Suzanne Pattusch (Chair) Structural Reform:<\/strong> John Delaney (Chair) Healthcare & Social Capital: <\/strong>Patrick Ward (Chair) Agriculture, Fisheries & Manufacturing:<\/strong> Kenwood Kerr (Co-Chair), John Delaney (Co-Chair) Family Island Development:<\/strong> Davinia Grant (Co-Chair), Greg Laroda (Co-Chair) Labour & Education:<\/strong> Obie Ferguson (Co-Chair), Matt Aubry (Co-Chair) Financial Services:<\/strong> Christina Rolle (Co-Chair), Tanya McCartney (Co-Chair) Commerce, Entrepreneurship & NextGen (Youth) Engagement:<\/strong> Davinia Grant (Co-Chair), Khrystle Rutherford-Ferguson (Co-Chair) The Economic Recovery Committee was appointed by the Government of The Bahamas in the wake of the COVID-19 pandemic to deliver policy recommendations that will guide the government\u2019s strategy for recovery and the creation of an economy that is resilient, dynamic, inclusive and sustainable.<\/p>\n","protected":false},"author":16,"featured_media":81243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-81242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n
\nEdison Sumner, Christina Rolle, Kenwood Kerr, Philip Darville, Desmond Pyfrom, Montino Roberts<\/p>\n
\nEric Carey, Quentin Knowles, Debbie Deal, Carlos Palacious, Tim Hodge<\/p>\n
\nEdison Sumner, Obie Ferguson, Kenwood Kerr, Russell Miller, Kirkland Russell, Robert Sands, Ian Rolle, Mike Maura, Najaha Black, Kerry Fountain, Pamela Burnside, Fred Ferguson, Fred Munnings, Arlene Nash-Ferguson, Davinia Grant, Amanda Coulson<\/p>\n
\nJohn Rolle, Kenwood Kerr, Marlon Johnson, Patrick Ward, Christina Rolle, Ed Fields, Lynden Nairn, Michele Thompson, Kevin Seymour<\/p>\n
\nWendy Craigg, Matt Aubry<\/p>\n
\nWendy Craigg, Eric Carey, Earl Deveaux, Dominic Butler, Ethan Adderley<\/p>\n
\nKen Hutton, Navarro Bowe, Pedro Rolle, Olivia Saunders, Thomas Sands, Ramona Taylor<\/p>\n
\nKhrystle Rutherford-Ferguson, Tanya McCartney, Nathaniel Beneby, Peter Goudie, Marissa Smith, Greg Laroda, Sean Moree, Dr. Marcellus Taylor, Dr. Bob Robertson, Tiffany Bain, Dr. Maria Woodside-Oriakhi<\/p>\n
\nWendy Craigg, Nathaniel Beneby, Patrick Ward, John Delaney, Bruno Roberts, Ivan Hooper, Karen Rolle,<\/p>\n
\nFranklyn Butler, Edison Sumner, Greg Laroda, Lynsey Ward, Darron Turnquest, Kendria Ferguson, Alexander Sargent, Timothy Smith, Latrell Russell, Francine Russell, K\u2019Lisa Roberts-Whitfield, Mervin Sweeting, Shacara Lightbourne, Christian Sawyer, Geoff Andrews, Timothy Ingraham, Robert Pantry, Charo Morley, Johnny Outten, Kelliya Roberts-Whitfield, Jeffrey Beckles, Bobby Chen, Akeem Scott, Stefen Deleveaux, Kristie Powell, P. Jillian Bethel, Santina McKinney, Devaughn Price, Dwayne Davis<\/p>\n","protected":false},"excerpt":{"rendered":"