By correspondence dated April 12, 2022, the Government of the Commonwealth of The Bahamas (GOCB/the Government) applied to the Caribbean Development Bank (CDB/the Bank) for a technical assistance (TA) loan to finance consultancy services to continue support for the Prime Minister’s Delivery Unit (PMDU) (the Project). The intervention is expected to assist GOCB with meeting its articulated development mandate by improving implementation and monitoring the progress of eight identified priority areas.

The recipient of this TA loan will be GOCB, and the Project will be implemented through the Office of the Prime Minister (OPM) within which the PMDU is located.

The total cost of the Project is estimated at two million two hundred and sixty thousand United States dollars ($2,260,000), of which it is proposed that CDB’s contribution will be an amount not exceeding the equivalent of one million eight hundred and eighty thousand United States dollars ($1,880,000) from the Bank’s Ordinary Capital Resources (OCR). Counterpart funding of an amount not less than the equivalent of three hundred and eighty thousand United States dollars ($380,000) will be met by GOCB.