Reputation as First-Class Financial Centre Critical to Sector Development

The Governor of the Central Bank describes The Bahamas as one of the more significant financial jurisdictions operating in the world of financial services in a number of areas, and says it is in a position to compete with some of the best in the world.

The Governor adds that maintaining an overall reputation as a first class financial centre is of the utmost importance in order for the country to remain a serious contender in international financial services and a jurisdiction that people choose to conduct business in. "No investor who is really serious is going to look only at a particular sector that happens to be of interest to him." According to Mr. Francis, investors will also want to be satisfied that the broad thrust of the policies of The Bahamas, the management of the economy, and the quality of human and other resources which are available to them are consistent with good business.