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Bahamas registered near 14 per cent economic growth in 2021

The Bahamian economy exhibited a measured pace of recovery during 2021, the Central Bank of the Bahamas (CBB) has said. In its just released 2021 Annual Report, the CBB said that the domestic economy registered a growth of 13.7 per cent last year,

17th Abaco Business Outlook set for October 14

17th Abaco Business Outlook set for October 14
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Board members named for new Statistical Institute

Board members named for new Statistical Institute
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Bahamas, Cambodia, China Lead Global CBDC Race, UK Launches Taskforce

Bahamas, Cambodia, China Lead Global CBDC Race, UK Launches Taskforce Source: iStock/lcva2 The Bahamas, Cambodia, and China are the three countries with the most mature central bank digital currency (CBDC) projects, as only 23% of the world’s retail projects have reached the implementation stage, and close to 70% of wholesale projects are in pilot program phase, according to international consultancy PwC. Meanwhile, today, the Bank of England (BoE) and Her Majesty’s Treasury announced the joint creation of a new Taskforce to coordinate work on the potential UK CBDC. The Bahamas and Cambodia secured top positions on the podium as their respective CBDC projects are live, while China is currently testing its digital yuan project. More than 88% of the world’s CBDC projects that are currently in the pilot or production phase use blockchain technology, according to data from the report, which was obtained by Bloomberg.

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