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Age of Invention: How the Dutch Did it Better

You’re reading Age of Invention, my newsletter on the causes of the British Industrial Revolution and the history of innovation. This edition went out to over 15,600 subscribers. To support my work, you can upgrade your subscription here: One of the weird things about Britain, despite its being the birthplace of the Industrial Revolution, is that its financial infrastructure was for a long time remarkably backward. Its “Financial Revolution”, by which both people and the state began to bor...
Noord Holland United Kingdom United States City Of City Of London Francis Bacon

Private sector credit up $12.6 million in January - The Nassau Guardian

Consumer credit quality indicators continued the positive improvement trends solidified at the end of 2022 into January, the most recent data from The Central Bank of The Bahamas (CBOB) reveals. The Monthly Economic and Financial Developments report for January showed that private sector credit was up by $12.6 million in January, led by commercial credit
Central Bank Monthly Economic Financial Developments

Inflation rose 5.6% in 2022, reveals Central Bank - The Nassau Guardian

On average, consumer prices rose 5.6 percent in 2022, up from the 2.9 percent seen the previous year, according to the most recent data released by The Central Bank of The Bahamas (CBOB). The most expensive category of consumables for Bahamians in 2022 was food and non-alcoholic beverages, which saw a yearly average increase of
Philip Davis International Monetary Fund Central Bank All Bahamas Retail Price Index Monthly Economic Financial Developments

Strong tourism numbers in January - The Nassau Guardian

Nassau Airport Development Company Limited (NAD) data has revealed that total departures from Lynden Pindling International Airport (LPIA) increased by two-thirds at the start of the year – an early indicator of continued momentum in tourism. This comes on the heals of the best performing yearly tourist arrival numbers, which matched 2019’s historic levels. “On
Nassau Airport Development Company Lynden Pindling International Airport Central Bank Nassau Airport Development Company Limited Monthly Economic Financial Developments

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Finance: Use of IMF SDRs for debt servicing is legitimate

Calling recent comments that the government is “borrowing” or “printing money” through accessing International Monetary Fund (IMF) special drawing rights (SDRs) obtained through The Central Bank of The Bahamas (CBOB) misleading, the Ministry of Finance yesterday clarified that the government is using the funding for its legitimate and intended purpose. The ministry was responding to
Michael Pintard Kwasi Thompson International Monetary Fund Central Bank Opposition Leader Michael Pintard Monthly Economic

Opposition: Govt may not have legal basis to use IMF SDRs

The opposition has contended that the government might not have a legal basis to use up to $232.8 million worth of International Monetary Fund (IMF) Special Drawing Rights (SDRs) being held by The Central Bank of The Bahamas (CBOB) as part of the external reserves. Opposition Leader Michael Pintard said in a statement released yesterday that acquiring the
Michael Pintard Philip Davis International Monetary Fund Central Bank Special Drawing Rights Leader Michael Pintard

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