IN OUR HANDS: Travel-related pandemic risks must be controlled for economy to recover, says economist

NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday that The Bahamas reaching critical mass in its vaccination efforts will help in terms of perceived and actual risk regarding the virus.

Rolle, while speaking during a press conference for the Central Bank’s Monthly Economic and Financial Developments Report for June, noted this nation must do its part to keep the spread of COVID-19 reasonably contained as the economy recovers.

“The travel industry globally has been one of the most fragile in terms of the pandemic. To the extent that the risks related to the pandemic are still present, keeping those contained is important if we are to preserve the pace of recovery in global travel,” said Rolle.

“Some of that is completely outside of the control of The Bahamas. It depends on the countries and markets that tourists are coming from.

“The rest is related to how we manage level of spread in the country.

John Rolle.

“The Bahamas still has some of the COVID-19-related risk it has to manage, along with hoping that globally, matters come under control.

“How COVID-19 evolves in the near term is very important particularly as we get to a critical mass point in the vaccination effort. I think that once we have gotten to that point in vaccination, it will help in terms of the perceived and actual risks from COVID-19 that are out there.”

Over the weekend, the country surpassed 15,000 total confirmed coronavirus cases since the onset of the pandemic in March 2020.

Up to Saturday, 61,803 people in the country had received at least one vaccine dose and 46,793 were fully vaccinated.

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