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Transportation Improvement

Improving Transportation

The main objective of the New Providence Transport program is to reduce transport costs for road users by providing a more rational and efficient transport system for New Providence Island.

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Membership

Like all the shareholders, Bahamas appoints a Governor, who represents the country on the Board of Governors.

For day-to-day business at the Bank's Headquarters in Washington, D.C., Bahamas is represented by a chair on the Board of Executive Directors. The chair, shared with Barbados, Guyana, Jamaica and Trinidad and Tobago, is headed by an Executive Director, who is elected to a three-year term by the Governors of Bahamas, Barbados, Guyana, Jamaica and Trinidad and Tobago.

The Executive Director's Office - IDB Headquarters

Executive Director:
Richard Bernal (From Jamaica)
Alternate Executive Director:
Kurt Kisto (From Trinidad and Tobago)
Temporary Alternate Executive Director(s):
Maxim Ali (From Guyana), Cheryl Morris-Skeete (From Barbados), Christine Thompson (From Bahamas)
Counselor(s):
Maxim Ali (From Guyana), Cheryl Morris-Skeete (From Barbados), Christine Thompson (From Bahamas)
Elected By:
Bahamas, Barbados, Guyana, Jamaica and Trinidad and Tobago
Number of votes:
144,116 (1.53% of the institution's ownership)

Contributed Capital from Bahamas (as of 12/31/2009 )

  US$ Million
Ordinary Capital: 209.90
Paid-in: 11.60
Callable: 198.30
Fund for Special Operations: (after exchange adjustments) 10.60
 
TOTAL CONTRIBUTION: 220.50

The Governor

  • Governor: Zhivargo S. Laing, Minister of State/Ministry of Finance
  • Alternate Governor: Ehurd Cunningham, Acting Financial Secretary/Ministry of Finance
  • Communications between the Governor and the Bank: Federal Ministry of Finance
  • Number of shares: 19,963 (0.21% of the institution's ownership)

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