National

We’ve Done What We Can To Fight Inflation

NASSAU, BAHAMAS – Prime Minister Philip Davis hitting back at a recent IDB report that’s calling for a more targeted response to the inflation crisis.

Published

2 years ago

December 23, 2022

Berthony McDermott

NASSAU, BAHAMAS – Prime Minister Philip Davis hitting back at a recent IDB report that’s calling for a more targeted response to the inflation crisis. Davis is inviting them to take a look at what the government has done.

Prime Minister Philip Davis defending his administration’s response to escalating inflationary pressures that’s been plaguing Bahamians for months.

A recent Inter-American Development Bank report said a more targeted response to the inflation crisis would have benefited the most vulnerable.

It added that the government’s recently expanded price controls are likely to deal a bad blow to small and medium-sized enterprises.

The report also noted the temporary addition of more categories of food and medicine to the price control list and the increase in the V.A.T exemption ceiling for BPL bills, the IDB says the impact on citizens is too broad.