The Bahamas is still in a fickle position with regard to Bahamas Power and Light (BPL) and the country’s ease of doing business rating, Chief Executive Officer of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Jeffrey Beckles told Guardian Business yesterday.
Beckles, who toured BPL’s Clifton Pier plant yesterday, explained that based on what he gleaned from BPL’s executives yesterday, if any of its remaining assets “go up in smoke” the country does not have the capacity to replace that lost generation and will be back at square one.
“From a business strategy standpoint all of that goes to the ease of doing business,” he said.
“Ten years ago we were at number 54 (in the ease of doing business); we are now at 119.
“The private sector
has echoed a level of frustration that we are not improving.”
Beckles said that some in the business community have argued that it is now harder to do business than it was five years ago.
“We have an ease of doing business committee that works very hard, but even they are frustrated.”
According to Beckles, the private sector is frustrated because it seems as if its advice on improving the ease of doing business has not been heeded by the government.
“This is not about right or wrong, there is greater room for dialogue, but a lot of their recommendations are overlooked. The policymakers in the country must find a way to openly and honestly engage the private sector.”