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VOLUME:118 No.37, JANUARY 18, 2021

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BORROWERS FACE CREDIT RATE BLOW

New agency will have serious impact on 30% of consumers with loans By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net UP TO 30 percent of Bahamian borrowers will struggle to obtain loans due to the imminent arrival of the nation’s first-ever credit bureau, a top banker is warning. Kenrick Brathwaite, the Clearing Banks Association’s chairman, told Tribune Business that close to one-third could find their ability to access new credit is curtailed because past failures to disclose existing debts will come back to haunt them. For the credit bureau, which Central Bank governor John Rolle said will begin to issue its first

reports by the start of 2021’s second quarter, will be able to provide all commercial banks and other lenders with a complete picture of a potential borrower’s history - including whether they already have too much debt, and if they have defaulted on previous loans. Alerting Bahamians that they will no longer be able to bounce from one bank to the next, hiding histories of missed payments as they go, Mr Brathwaite said the credit bureau would enable the industry to escape “operating in dangerous waters” where it does not possess a complete picture of a loan applicant’s

‘WHY SILENCE ON DAMAGE TO SEABEDS?’ By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net MONTHS after officials confirmed there was damage to the seabed near Berry Islands allegedly caused by cruise ships sheltering in Bahamian waters, an activist has expressed “frustration” that the government has seemingly gone silent over the matter. In early September, a joint statement from Minister of Agriculture Michael Pintard and Minister of the Environment Romauld Ferreira, said an initial dive, while limited in scope, showed “significant damage” to the marine environment caused by ships’ anchors. SEE PAGE FIVE

WOMAN DIES IN ABACO ROAD SMASH By TANYA SMITHCARTWRIGHT tsmith-cartwright@ tribunemedia.net

A THREE-CAR collision on the island of Abaco left one woman dead while three others were airlifted to New Providence for treatment. The accident has prompted Island Administrator Terece Bootle-Laing to urge residents to use the “abundance of caution and slow down”. The accident took place on Friday at S C Bootle Highway. SEE PAGE TWO

FULL STORY - SEE BUSINESS

SYSTEM IN PLACE TO COPE WITH NEW US TEST POLICY By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net TOURISM Minister Dionisio D’Aguilar yesterday expressed confidence that The Bahamas has a sound regime in place to satisfy an impending policy change requiring all air passengers entering the United States to have a negative COVID-19 test. In the meantime, Bahamian officials continue to

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await word on whether the US will introduce exemptions for this country from the new COVID-19 testing policy, which will come into force on January 26. However, if the United States’ response is unfavourable, Mr D’Aguilar said there are 80 COVID19 testing sites across the country to ensure people returning to America can receive results in a timely manner. SEE PAGE FOUR

OPERATION ROLLOUT THE OFFICE of the Prime Minister reports that the National COVID-19 Vaccine Consultative Committee is working to finalise a plan to distribute vaccines. By TANYA SMITHCARTWRIGHT tsmith-cartwright@ tribunemedia.net ANYONE who receives a COVID-19 vaccine once they become available in the country will receive a certificate that “may be associated with travel in the future,” which is a “potential requirement being discussed internationally,” the Office of the Prime Minister said last night. In a press release, OPM

also said the National COVID-19 Vaccine Consultative Committee is currently working to finalise an operational plan to distribute coronavirus vaccines to eligible residents in the shortest possible time across the country. Vaccinators are currently being recruited, who will be among the first to receive the jab once the drugs are available in the country. As the government prepares for the arrival of World Health Organisation

approved vaccines, baseline surveys have already been carried out among healthcare workers and the general public, OPM added. “The results are helping to inform the phased distribution of COVID-19 vaccines,” OPM said. “Information on vaccine safety and the national plan will be shared with the public in regular communications across multiple platforms. SEE PAGE FOUR

Nassau & Bahama Islands’ Leading Newspaper

‘GOVT CUTS TO STRANGLE THE ECONOMY’ By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net PROGRESSIVE Liberal Party Deputy Leader Chester Cooper criticised government’s decision to reduce spending on capital works projects on several Family Islands, saying the move will “strangle” the economy as the country tries to rebound from the COVID-19 pandemic. During a press conference at the PLP’s headquarters Friday, Mr Cooper expressed disappointment with the Minnis administration’s response to the crisis, accusing officials of having no clear plan or strategy on the way forward. The Exuma and Ragged Island MP was responding SEE PAGE THREE


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