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VOLUME:115 No.120, MAY 15TH, 2018
THE PEOPLE’S PAPER: $1
WOMAN: ROYAL WEDDING DRESS SPECULATION HITS FEVER PITCH
IMF’s bitter pill find extra $240m ‘Cut spending or raise funds to hit targets’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net The Bahamas needs a further $240m “adjustment” to hit its Fiscal Responsibility targets, the IMF warned yesterday, as it called for more “trimming” of the civil service wage bill. The International Monetary Fund (IMF), in its newly-released Article IV report, suggested that further sacrifice was required for the Government to hit
its fiscal consolidation goals even though its 2017-2018 targets were “within reach”. The Fund “urged” the Minnis administration to further cut recurrent spending, which goes on fixed costs such as civil service salaries and rents, and avoid “an undue squeeze” on capital spending on essential infrastructure - the very method by which it has narrowed the 2017-2018 deficit. FULL STORY - SEE BUSINESS
THE Government’s unfunded multi-billion dollar pension liabilities, projected to hit $3.7bn by 2030, were yesterday branded “a big time bomb waiting to go off”. Robert Myers, of the Organisation for Responsible Governance, told Tribune Business that unfunded civil service pensions were threatening to send The Bahamas “bankrupt” unless swift corrective
action was taken. He spoke out after the International Monetary Fund (IMF) report on The Bahamas again warned that the current system - where civil servants contribute nothing to funding their retirement - is “unsustainable”. The fund listed civil service pensions, the public sector’s wage bill and loss-making state-owned enterprises, as three key reforms the Government must target to reverse The Bahamas’ fiscal decline.
FULL STORY - SEE BUSINESS
By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net A 20-YEAR-OLD man was arraigned in a Magistrate’s Court yesterday, charged with the stabbing death of a teen last Friday. Charlton Pierre, of Farrington Road, appeared before Chief Magistrate Joyann Ferguson-Pratt charged with one count of murder stemming from the May 11 incident. It is alleged that on that day, Pierre intentionally caused the death of 16-yearold Steffan Bowleg during an argument at Nassau Village. SEE PAGE THREE
LATE NEWS: MAN KILLED Police were on the scene of a murder last night as The Tribune went to press. A man was killed in an incident at Fourth St Grove, between Palm Tree Avenue and Robinson Road. See www.tribune242.com for details.
SHANTY TOWN EVICTIONS ‘ETHNIC CLEANSING’
TICKING TIMEBOMB OF $3.7bn PENSIONS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
STABBED TEENAGER: TEARS OF ACCUSED
By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
THE 10 beauties vying for the title of 2018 Miss World Bahamas showed national pride on Saturday as they competed in the costume segment of the pageant on the Rooftop of The Pointe. This season’s theme is “Bejewelled”, celebrating the jewels of the Bahama Islands. The winner will represent her country at the finale in China later this year. See Friday’s Weekend for more.
RIGHTS Bahamas said it now has evidence to take “constitutional action” against the government over its July 31, 2018, deadline mandating the eviction of all shanty town residents, arguing the decision was discriminatory. Stephanie St Fleur, president of the activist group, branded the move “ethnic cleansing” saying SEE PAGE FIVE
‘WE MUST DO BETTER FOR YOUNG DOCTORS’ By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net
AS some junior doctors express concern for their future, Health Minister Dr Duane Sands admitted yesterday officials must do a better job at developing young doctors. His statement followed a Tribune article that highlighted the experience of a doctor who said he dropped out of the University of the West Indies’ (UWI)
DR DUANE SANDS post-graduate programme only to succeed as a doctor in the United Kingdom.
Dr Young Sing blamed poor feedback from lecturers and alleged bias for the low matriculation rates of UWI’s Doctor of Medicine programmes. Dr Sing’s views reflect those of many junior doctors in the public healthcare system. “For whatever reason young physicians are not able to progress through the institutions as well as we would like and certainly SEE PAGE NINE
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JUMPING OFF THE CORPORATE LADDER
SEE PAGE EIGHT