Tuesday, March 30, 2004

Bhms: Still wanting to feed at the trough

Minister of State for Finance Senator James Smith says it would be "a tragedy" for the Inter-American Development Bank to graduate The Bahamas from receiving funding.

Similar institutes, such as the World Bank, considers The Bahamas wealthy and developed and not in need of funding.

And, although the IDB is not engaged in such a policy, Senator Smith says that the American chair of the bank has raised the issue on several occasions.

"For The Bahamas, it would be a tragedy because access to long-term funding together with technical assistance are very good," he said before heading to the 45th Annual Meeting of The Board of Governors of the Inter-American Development Bank in Lima, Peru, scheduled for March 29-31.

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