Presented by The Ministry of Finance

Tourism Development

The Government has secured a non-reimbursable grant from the Inter-American Development Bank in the amount of $500,000 to finance a three-year technical cooperation project with a particular focus on the Digital Economy and the Blue Economy.

For small island states such as The Bahamas, although traditional industries and sectors - fisheries, maritime transport and coastal tourism - represent a large portion of economic activity, articulating a strategy around our blue economy also enables identification and diversification into many other new and emerging ocean-based activities and sectors, including marine aquaculture, seabed mining, maritime safety and surveillance, marine biotechnology, marine security offshore wind energy, ocean renewable energy and deep-sea oil and gas production.

Section Highlight

Tourism Development

As the global economy begins to rebound, the government is supporting a more diversified approach to the cruise industry: one that engages more small ships and premium/luxury lines, especially for sailings to lesser trafficked locations in the Family Islands. The initiation of homeporting and Bahamas-centered itineraries will support the early restart of cruise activity, the expansion throughout the islands, and the growth of linkages for local supply chains.

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