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.
COP28 UN Climate Change Conference, November 2023 - Dubai, United Arab Emirates
Our participation at COP28 included designing and delivering the High Level Private Sector Convening, several presentations and engaging with regional and global leaders on financing climate action.
View program for High Level Private Sector Convening
View remarks from Prime Minister Philip E. Davis, The Bahamas
View remarks from Dan Carol, Head of Climate Finance, Milken Institute
CEO presentation at Green Climate Fund event
Selected Media Coverage:
Caribbean countries advance climate change agenda at COP28 – The Caribbean Council – December 15, 2023
Bahamas went into COP28 with BIG GOALS in mind – Magnetic Media TV – December 5, 2023
Bahamas calls for urgent global action to deal with climate change – Trinidad & Tobago Guardian – December 3, 2023
Bahamas Sustainable Investment Programme launched in Dubai – The Nassau Guardian – December 1, 2023
The Bahamas Sustainable Investment Program at COP28 – The Bahamas Tonight – November 30, 2023
Bahamas to unveil climate-related investment programs at COP 28 – The Nassau Guardian – November 24, 2023
Official public launch at Clinton Global Initiative, September 2023 - New York City, USA
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.”