Business education
The accounting firm BDO is planning a series of business education courses for the community next month, company officials said. The seminars, titled “Giving you the Keys to Success,” will be held at Maria’s by the Sea on Sept. 20 and 21.
Bahamas
An International Monetary Fund team believes that an economic recovery is gaining strength in the Bahamas but predicts the government’s debt and deficit will widen. The Bahamanian economy grew by one percent last year and is expected to grow by two percent this year, according to a recently released statement from the team. At the same time, though, the government’s deficit has expanded to 4.75 percent of the country’s gross domestic product due to higher government spending and is expected to increase by 5.25 percent during the next fiscal year. The rising debt levels and “continued weak performance of the non-financial public enterprises” could pose risks to the continued economic recovery, the team found.
Antigua and Barbuda
A London court allowed Antiguan liquidators to spend up to $20 million in assets frozen in the United Kingdom as part of the liquidation of Stanford International Bank. In response, a United States court asked the liquidators last week to provide details of their expenses and the remaining assets in SIB’s accounts, according to the news website Caribbean360.com. SIB was part of Stanford Financial Group, a conglomerate owned by US financier Allen Stanford and alleged to have been part of a massive Ponzi scheme. Mr. Stanford is currently in US prison awaiting trial on fraud charges.