The Ministry of Financial Services has a new strategic plan; a 10-year strategy to “revamp and re-invigorate” the local business services industry.

The plan was unveiled this past weekend at the International Business and Finance Summit at Bimini Bay, Bimini.
According to Financial Services Minister, Ryan Pinder, the initiatives focus on the re-creation of that ministry, the rebranding of The Bahamas as a full business services centre; a comprehensive approach to increasing the competitiveness of The Bahamas as a business centre; a comprehensive approach to business friendly immigration policy; a comprehensive approach to innovation management; a focus on new geographic markets and new sectors and leveraging The Bahamas’ sovereignty as an asset. He added that there is much work to be done over the next few months. “My ministry is tasked with this awesome responsibility and we will be successful,” Minister Pinder said. He however noted that the financial sector also has an important role to play.
“We expect your considered and timely opinion on matters of the utmost importance as we consult,” the minister said.

“We also ask for your continued creativity as we look for new markets and facilitate the creation of new products that meet the needs of a current and prospective clientele. Ten years is a short time; but I am confident that The Bahamas as a business centre in the year 2023 will be vibrant, robust and will serve to complement and challenge our tourism sector.”