The Bahamas Sustainable Investment Program (BSIP)
The Bahamas Sustainable Investment Program (BSIP) is an ambitious multi-year investment and economic development program that seeks to position The Bahamas at the forefront of sustainable investment trends and deliver socio-economic benefits to the people of the country in line with national development goals and existing commitments on climate change and environmental response. This initiative is important for delivering on the government’s vision of a transformed economy and society.
Once implemented, the BSIP will mobilize high quality investments that produce risk adjusted returns and positive social impact and adhere to global ESG standards and sustainability philosophies. This initiative will improve the attractiveness of The Bahamas as an investment destination, shifting the perceptions of global investors and bringing the domestic investment policy framework in alignment with global trends. The Bahamas with the BSIP will become a demonstration site showcasing what is possible when astute government leadership directs institutional development and facilitates private sector investment.
With the political leadership of Prime Minister Philip E. Davis and with full cooperation of the government and other stakeholders, and technical direction of Resilience Capital Ventures, the program brings together strategy development, stakeholder engagement, technical analysis, and design of blended financial architectures to create investment opportunities that improve the lives of people, the health of the environment, and buoyancy of the economy of The Bahamas.
BSIP utilizes the Triple B Framework, created by Dr. Gillian Marcelle of Resilience Capital Ventures, and involves a focus on three components—bottlenecks, blind spots and blended finance— to solve for sluggishness in capital growth and reduce misallocation decisions.
Official public launch at CGI 2023
View remarks from Prime Minister Philip E. Davis, The Bahamas
View The Bahamas CTA on the CGI Commitment Directory
Background Information:
View key announcements, press releases, blogs, and more below:
The Bahamas Prime Minister Unveils Innovative Climate Financing Plan at Clinton Global Initiative 2023
The following press statements were released today in conjunction with the Clinton Global Initiative’s 2023 September Meeting.
Remarks from The Bahamas Prime Minister Philip E. Davis at the Clinton Global Initiative Annual Meeting 2023
The Prime Minister of The Commonwealth of The Bahamas delivered the following remarks during the CGI 2023 session titled “Funding Earth’s Future: How We Can – and Must – Accelerate and Scale Climate Finance in Frontline Communities.”