News :
International
DFC announces $4 Billion COVID-19 rapid response liquidity facility - May 26, 2020 - 11:53:00 AM
The U.S. International Development Finance Corporation (DFC) Board of
Directors has approved the agency’s new Rapid Response Liquidity
Facility. The facility will provide up to $4 billion in additional
financing for existing DFC projects that have been particularly impacted
by the challenges of the COVID-19 global pandemic.
“Congress
created DFC to help tackle the world’s most difficult development
challenges,” said DFC Chief Executive Officer Adam Boehler. “Our
development mission is more important than ever in the face of COVID-19...
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International :
Caribbean News
151 more Saint Lucian Nationals scheduled to arrive this weekend - May 23, 2020 - 11:50:33 AM
![](http://www.thebahamasweekly.com/uploads/15/St.lucia.jpg) The Government of Saint Lucia will this weekend welcome 151 more
nationals through the ongoing repatriation process. Returning nationals
will include cruise ship workers and students from Canada and Barbados.
On May 24th, nineteen (19) nationals will arrive in Saint
Lucia via a chartered service from Barbados, which includes seventeen
(17) nationals being repatriated from Canada. Subsequently, fifty-nine
(59) persons will arrive aboard Disney Fantasy...
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International :
Caribbean News
Open Letter to TUF from Prime Minister Honourable Allen Chastanet - May 22, 2020 - 5:36:40 PM
![](http://www.thebahamasweekly.com/uploads/21/Prime_Minister_s_Official_Photo__1__1_1.jpg) As you know, the Government of Saint Lucia, through a Cabinet-appointed
Ministerial SubCommittee (with support from the Department of Finance),
has been engaged in numerous discussions with the Trade Unions since
2nd April, 2020. This was in an attempt to arrive at a consensus
position on the issue of the proposed reduction in the monthly cash
outlay by Government for salaries of civil servants in the face of
reduced revenue collection and contraction in the economy, directly
caused by COVID-19...
News :
International
United States Commits 750K in Health Assistance to The Bahamas - May 20, 2020 - 3:30:44 PM
![](http://www.thebahamasweekly.com/uploads/2/us-state-department-logo.jpg) On May 20, the U.S. Embassy announced an additional $750,000 in health
assistance to The Bahamas as part of the U.S. government’s global
assistance in support of COVID-19 response efforts.
The
additional $750,000 in health assistance to The Bahamas will increase
risk communication and community engagement, infection prevention and
control...
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International :
Caribbean News
US Embassy Barbados provides funding for PPEs to assist with the COVID-19 response in the region - May 13, 2020 - 7:25:35 PM
In response to the high demand for personal protective equipment (PPEs)
and other medical supplies due to COVID-19, the United States has
donated more than US $104,000 worth of PPE and other medical supplies
for seven Eastern Caribbean countries: Antigua & Barbuda, Barbados,
Dominica, Grenada, St. Kitts & Nevis, St. Lucia, and St. Vincent
& the Grenadines.
“This donation is one of several programs
and initiatives the U.S. has provided to support our neighbors in the
Eastern Caribbean”, said U.S. Coast Guard Commander and Senior U.S.
Embassy Defense Official Steve Charnon...
News :
Bahamas Information Services Updates
The Royal Family pays tribute to nurses across The Commonwealth - May 13, 2020 - 3:05:12 PM
To mark International Nurses’ Day [Tuesday 12th March 2020], The Queen,
The Prince of Wales, The Duchess of Cornwall, The Duke and Duchess of
Cambridge, The Princess Royal, The Countess of Wessex and Princess
Alexandra have joined together to pay tribute to the world’s nurses,
speaking with healthcare professionals working in Australia, India,
Malawi, Sierra Leone, Bahamas, Cyprus, Tanzania and the UK. A video of
the calls will be released to mark International Nurses’ Day at 1600hrs
BST today...
News :
International
RFHL records US$81.7 million in half year profits - May 8, 2020 - 9:27:17 AM
- The President of Republic Financial Holdings Limited (RFHL), Nigel
Baptiste, announced today a profit attributable to shareholders of the
parent of US$81.7 million for the six-month period ended March 31, 2020,
a decline of US$36.1 million or 30.6% below the corresponding period
last year. These results reflect preliminary estimates of the financial
impact of the novel coronavirus (COVID-19) pandemic on the Group as a
result of increased operating expenses during the latter half of March
2020 and the setting aside of additional provisions of US$55.3 million
for the first half of Fiscal 2020 (2019 - US$20.3 million) to cover
potential future losses...
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