{"id":32351,"date":"2013-03-01T09:41:47","date_gmt":"2013-03-01T14:41:47","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=32351"},"modified":"2013-03-01T09:41:47","modified_gmt":"2013-03-01T14:41:47","slug":"bahamas-development-bank-to-be-dissolved","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/03\/bahamas-development-bank-to-be-dissolved","title":{"rendered":"Bahamas Development Bank To Be Dissolved"},"content":{"rendered":"<figure id=\"attachment_24534\" aria-describedby=\"caption-attachment-24534\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24534\" title=\"development-bank\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/development-bank.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/development-bank.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/development-bank-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-24534\" class=\"wp-caption-text\">Bahamas Development Bank<\/figcaption><\/figure>\n<p>The Bahamas Development Bank (BDB) faces being \u201cwound up\u201d, at least in its present form, under a radical proposed restructuring of the Government\u2019s small business support services that is tied to implementation of new legislation.<\/p>\n<p>Tribune Business can reveal that the first draft of the proposed reforms, which has been circulated among private industry stakeholders, envisions the new Small and Medium-Sized Enterprises Development Agency (SMEDA) becoming the \u201csuccessor\u201d to the BDB.<\/p>\n<p>The BDB, which has a delinquency ratio of more than 50 per cent on its existing $50 million loan portfolio, would cease to extend any new credit to entrepreneurs\/small businesses and instead focus solely on managing its existing book.<\/p>\n<p>And all its existing functions would be \u201camalgamated\u201d into SMEDA, which will be created by the proposed Small and Medium-Sized Enterprises Development Bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bahamas Development Bank will likely be &#8220;wound up&#8221; under a radical proposed restructuring of the government\u2019s small business support services as new legislation is implemented.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[316,153,40,135],"class_list":["post-32351","post","type-post","status-publish","format-standard","hentry","category-business","tag-bank","tag-business-2","tag-government","tag-small-business"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/32351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=32351"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/32351\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=32351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=32351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=32351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}