NASSAU, BAHAMAS — The Bahamas is expected to benefit from crude oil price certainty for the next three and a half years following the execution of additional oil hedges with aid from the Inter-American Development Bank (IDB). The bank said in a statement it has partnered with this nation on the execution of additional oil hedges to protect the government’s budget and better manage financial risks in uncertain times. The new oil hedges are linked to an IDB loan and will secure an affordable crude oil coverage solution during times of low prices for the government’s Bahamas Power and Light (BPL) electricity company. According to the IDB, the government will be able to implement better financial risk management over the next three and a half years, with a series of Asian Call Options purchased by the government from the bank, on approximately 7.2 million barrels of crude oil.