As tourism slows, The Bahamas is rocked by a cocaine transshipment conspiracy, along with a surprisingly large increase in its fiscal deficit for the new financial year

JAMAICA / BAHAMAS - Report 27 Dec 2024 by Keith Collister

The Bahamas has been in political turmoil since the end of November, when US federal prosecutors alleged in a November 27 indictment that two high ranking members of the Royal Bahamas Police Force (RBPF) and one Bahamas military official formed a cocaine trafficking network, along with ten other Bahamian and Colombian citizens. The indictment states that corrupt government officials and security forces in the Bahamas facilitated the arrival of cocaine shipments at airports around the nation’s many islands as charter flights from Colombia, Venezuela, and elsewhere in the Caribbean. A section of the indictment states that one of the RBPF defendants asked for a $2 million bribe on behalf of an unnamed “high-ranking Bahamian politician,” in exchange for “facilitating and insuring cocaine shipments.”

While it is still unclear how long this ring has been operating, it is believed to have been at least since May 2021, which critically would mean it started under the Free National Movement (FNM) before the September 2021 election, when they lost power.

In this report, we review The Bahamas' political situation, as well as its fiscal outturn and its prospects for growth.

Now read on...

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