Bahamas expecting tourism and economic boost from hosting IDB meetings

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The Baha Mar Convention Center in The Bahamas will be the site for the upcoming IDB and IIC meetings. (Photo: Eric Rose/BIS)


NASSAU, Bahamas, Tuesday February 23, 2016 – The Bahamas is hoping for a big tourism and economic boost from the country’s hosting of major international meetings in April.

Nassau will be the location for the 57th Annual General Meeting (AGM) of the Boards of Governors of the Inter-American Development Bank (IDB) and the 31st AGM for the Inter-American Investment Corporation (IIC), a member of the IDB.

Chief Operations Officer of the Local Organizing Committee, Lynden Maycock is optimistic that there will be a myriad of direct and spin-off opportunities in tourism, culture and other related sectors of the economy, as a result of the influx of visitors for the meetings.

“When we look at persons coming into The Bahamas, some 5,000 delegates are slated to be attending the conference. We have properties (benefitting) from the Island House near Lyford Cay, to the Melia, to SuperClubs Breezes, to Sunset Resort, to Atlantis to Sandals and Comfort Suites. You will even find private individuals who will be renting their homes to accommodate a number of delegates that will be attending the conference here in The Bahamas,” he said.

Public and private sector delegates, as well as delegates representing the IDB’s 48 member countries, are expected to attend the IDB-IIC meetings slated for April 7 to 10. Finance Ministers from the various member countries serve as Governors on the Board of the IDB and will lead their countries’ delegations.

“The Bahamas certainly can, and looks forward to hosting large international events, as we have done numerous times before,” Bradley Bosfield of the Groups Department of the Bahamas Tourism Center, The Ministry of Tourism, said.

Officials say that as an archipelago of 700 islands and cays, The Bahamas offers a chance for international events to utilize different locations.

Bosfield believes event organizers are attracted to The Bahamas because of the multiple island experiences.

“There is so much to see and do, with pre and post event opportunities to visit other island destinations, allowing visitors to experience and interact with our culture; learn of our diverse history and experience the pulse of The Bahamas,” he said.

Maycock said the LOC is creating a special cultural village as one of the featured local attractions for delegates during the event.

“We will have artisans and vendors. That will have a major impact on our local persons, who will be involved in selling their artwork, their craftwork and food. We intend to create an atmosphere, a cultural village that will benefit the entire group of persons who are involved in those industries. So we are looking at a tremendous boost to the economy, separate and apart from the delegates spending time in our restaurants, going to the straw market, and so on,” he said.

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