Prime Minister Stephenson King returned to the island over
the weekend from the Bahamas after participating in a series of meetings and
activities in his capacity as a member of the Board of Governors the Caribbean
Development Bank. During his visit to the Bahamas, Prime Minister King
participated in meetings of the Board of Directors and the Procurement Committee
of the Board of Governors.
The highlight of the Prime Minister’s visit was
his participation in the meeting of the Board of Governors held on May 19th
and 20th, 2010. One of the main outcomes of the meeting of the Board
of Governors was the decision to increase the Bank’s Ordinary Capital by US $1.
Billion. This represents the largest expansion in the Bank’s equity since its
formation. (read
more)
