{"id":81664,"date":"2022-02-09T17:29:50","date_gmt":"2022-02-09T17:29:50","guid":{"rendered":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/?p=81664"},"modified":"2022-02-09T17:31:56","modified_gmt":"2022-02-09T17:31:56","slug":"idb-eyes-intl-private-sector-investment-in-family-islands","status":"publish","type":"post","link":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2022\/02\/09\/idb-eyes-intl-private-sector-investment-in-family-islands\/","title":{"rendered":"IDB eyes int\u2019l private sector investment in Family Islands"},"content":{"rendered":"<div id=\"attachment_198391\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-198391\" class=\"wp-image-198391 size-medium\" src=\"https:\/\/www.bahamastradeinfo.gov.bs\/cms\/wp-content\/uploads\/2022\/02\/IDB-Sweeting-780x470-1-300x181.jpg\" alt=\"IDB-Sweeting-780x470\" width=\"300\" height=\"181\" \/><p id=\"caption-attachment-198391\" class=\"wp-caption-text\"><strong>From left, Parliamentary Secretary Leonardo Lightbourne and Minister of Agriculture, Marine Resources and Family Island Affairs Clay Sweeting meet with IDB Country representative Daniella Carrera Marquis. Stephen Hanna<\/strong><\/p><\/div>\n<h3>The IDB is looking into expanding fisheries in The Bahamas<\/h3>\n<p>The\u00a0Inter-American Development Bank\u2019s (IDB)\u00a0Country Representative Daniela Carrera Marquis said the group is looking at ways to trigger international private sector investment in the Family Islands through something called a Family Islands investment fund, according to a statement on a meeting between Marquis and Minister of Agriculture, Marine Resources and Family Island Affairs Clay Sweeting.<\/p>\n<p>She said the IDB wants to see the development of agribusinesses in the Family Islands that can become commercially viable.<\/p>\n<p>\u201cWe\u2019ve been looking into SMEs (small and medium-sized enterprises) that can be transformative in the area of agribusiness, not just in New Providence but in the rest of the Family Islands,\u201d she said.<\/p>\n<p>\u201cWe have several projects that are related to agribusiness already. We have a project that is in Grand Bahama and it\u2019s about managing the sustainability of conch with the local communities.<\/p>\n<p>\u201cThat project is being implemented through the Bahamas National Trust and it was very much affected by both Dorian and COVID-19. We have extended it.\u201d<\/p>\n<p>Marquis said the IDB is also looking into expanding fisheries in The Bahamas,\u00a0explained that\u00a0it is analyzing and refining its fisheries plan and will soon present it to the new government.<\/p>\n<h3>IDB intends to put plans together within the first quarter<\/h3>\n<p>\u201cWe were looking at the legal framework and potential land development based on what is out there,\u201d said Marquis.<\/p>\n<p>\u201cWe just thought of fisheries because The Bahamas is based on the coasts and has a very small fisheries industry compared to other countries that have the same mass.\u201d<\/p>\n<p>Sweeting contended that the investment in fishing is something the country must capitalize on, explaining that it has been an\u00a0\u201castronomical year\u201d for Bahamian fisheries.<\/p>\n<p>\u201cThere are other markets such as stone crab and other sources of fish that we can possibly export as well as sell domestically,\u201d Sweeting said.<\/p>\n<p>\u201cI think that we just don\u2019t have the push to get us over the edge, so we are looking to do that within the ministry and the Department of Marine Resources.<\/p>\n<p>\u201cI am hoping that within the first quarter we can put something together, whether it\u2019s investment opportunities, research or development, to see what the possible scenarios are where the IDB can facilitate some of our goals at the ministry.\u201d<\/p>\n<p>Marquis added that the IDB continues to be interested in creating\u00a0microgrids in some of the Family Islands in order for them to \u201chave more energy or access to cleaner energy, but also to provide the data\u201d.<\/p>\n<p>\u201cIn the Family Islands there is a challenge with electricity. Renewable energy is something we really need to look into, especially with clean energy, not just with the IDB but with the Ministry of the Environment that would have to facilitate renewable energy sources in the Family Islands.\u201d<\/p>\n<p><a href=\"https:\/\/thenassauguardian.com\/idb-eyes-intl-private-sector-investment-in-family-islands\/\" target=\"_blank\" rel=\"noopener\"><strong>Source: Nassau Guardian<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Inter-American Development Bank\u2019s (IDB)\u00a0Country Representative Daniela Carrera Marquis said the group is looking at ways to trigger international private sector investment in the Family Islands through something called a Family Islands investment fund, according to a statement on a meeting between Marquis and Minister of Agriculture, Marine Resources and Family Island Affairs Clay Sweeting.<\/p>\n","protected":false},"author":16,"featured_media":81666,"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-81664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - 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Buying from the Bahamas\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Inter-American Development Bank\u2019s (IDB)\u00a0Country Representative Daniela Carrera Marquis said the group is looking at ways to trigger international private sector investment in the Family Islands through something called a Family Islands investment fund, according to a statement on a meeting between Marquis and Minister of Agriculture, Marine Resources and Family Island Affairs Clay Sweeting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2022\/02\/09\/idb-eyes-intl-private-sector-investment-in-family-islands\/\" \/>\n<meta property=\"og:site_name\" content=\"Buying from the Bahamas\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-09T17:29:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-09T17:31:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/wp-content\/uploads\/sites\/2\/2022\/02\/IDB-Sweeting-780x470-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cwalker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cwalker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2022\/02\/09\/idb-eyes-intl-private-sector-investment-in-family-islands\/\",\"url\":\"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2022\/02\/09\/idb-eyes-intl-private-sector-investment-in-family-islands\/\",\"name\":\"IDB eyes int\u2019l private sector investment in Family Islands - 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