Corruption in Procurement
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In its Investment Climate Statement on Corruption in Procurement Bahamas, the US opined that Corruptiob Bahamian government does not have modern procurement legislation and companies have complained the tender process for public contracts is not consistent, and that it is difficult to obtain information on the status of bids.
The bill seeks to establish a public procurement board, a digital procurement platform, and an electronic vendor registry, to modernize existing procurement systems with international best practices. Prime Minister Dr. In response to the losses from Hurricane Dorian and the economic fallout from COVID, the government announced requirements for domestic and foreign investment would be liberalized and eligible investment proposals under review would be accelerated to speed up economic recovery.
Despite these announcements, the embassy is not aware of any formal guidelines concerning changes to investment procedures that have been made publicly available. Other areas the US State Department highlighted include: shortages of skilled and unskilled labor in certain sectors, a bureaucratic and inefficient investment approvals click, time consuming resolution of legal disputes, the high cost of labor and the high cost of energy.
In recent days, the issue of procurement has come up after opposition members accused Prime Minister Hubert Minnis of breaching the Corruption in Procurement Powers COVID Pandemic Regulations, by not submitting a report to Parliament that details expenditures and suppliers of the goods and services procured during the state of emergency.
The attorney general has said Minnis is not in breach, however, because he has never issued any order to Corruption in Procurement any procurement rules.
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