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Bahamas: DPM: Govt’s stimulus initiative put on hold

NASSAU, BAHAMAS — Deputy Prime Minister and Minister of Public Works Desmond Bannister said yesterday that the government does not have enough funds to continue its stimulus initiative, which provided contracts for repairing sidewalks and parks and has put some projects on hold temporarily.

When asked about the ongoing initiative outside Cabinet, Bannister confirmed that several of the government’s capital works have had to be stopped due to the financial constraints of the pandemic.

“That does not mean they’re not going to happen,” he assured.

“What that means is we have to be very careful about how we spend the Bahamian people’s money.

“As we go along, we anticipate being able to do more of them.

“The ones that have started, we are going to continue. The ones that have not started, we have to hold back until there’s funding available.”

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