NASSAU, BAHAMAS- The Bahamas is developing a national Artificial Intelligence (AI) policy and white paper to guide innovation, economic growth, and responsible technology use—positioning itself to be a first mover in the Caribbean region.
Wayde Watson, Member of Parliament for Bain and Grants Town and Parliamentary Secretary in the Ministry of Economic Affairs, made the announcement during his budget debate contribution, emphasizing the urgency of preparing the nation for the AI era.
“This administration is working on formulating a white paper and a policy document for review and approval consideration by the Cabinet,” Watson said. “Artificial intelligence is here to stay. And as a government, we must ensure that legislation and policy are formulated that will regulate AI and any other introduction of global, innovative, and technological advancements.”
Watson added: “Artificial intelligence is a tool. It can be both good, and it can be a bad vice. Therefore, with the implementation of a national AI policy document, the government intends to guide its people, the government, and businesses alike to mitigate any potential negative follow-out.”
Watson laid out five key reasons why the Bahamas must pursue a progressive approach to AI. Citing figures from the World Economic Forum, he explained that artificial intelligence is expected to create 170 million jobs while replacing 92 million, resulting in a net increase of 78 million new roles. “New roles, not just new jobs—new roles,” he emphasized. “With the right policies, the Bahamas can claim a share of these opportunities. So if you’re listening to me, get certified in AI.”
Watson explained that countries like the United Arab Emirates and Singapore, which have already implemented clear AI frameworks, have attracted billions in tech investment and seen the rapid growth of startup ecosystems. “Progressive rules show that the Bahamas is open for innovation,” he said.
He highlighted that AI is impacting every sector, not just the tech industry. “Artificial intelligence is being used in tourism—smart recommendations. It’s being used in finance—fraud detection. It’s being used in health, it’s being used in law—for critical analysis.”
Watson emphasized that the national policy must be tied to skills development. “We link artificial intelligence regulations to skills programs. We link it to certifications and grants. This ensures locals—not foreign hires—but locals, that will fill the new hires within the artificial intelligence economy.”
He reiterated that The Bahamas can be a first mover in the region. “Acting now gives the Bahamas a first mover advantage in the Caribbean region. If we lead on progressive AI policy, we can become a regional hub for responsible innovation, attracting top talent and creating high-quality jobs for years to come.”
Watson connected these AI efforts to the broader digital transformation strategy led by the government. “The future is bright in technology and innovation, and it aligns with our blueprint for change and initiatives of Innovate 242 and the Grand Bahama Tech Hub,” he said.
