The Central Bank of the Bahamas has hired BCW to a one-year $2.9M pact to provide government relations and lobbying support to advance the country’s reputation in the US and to support the bank’s policy goals.

The Bahamas had served as the home base of Sam Bankman-Fried, whose FTX cryptocurrency exchange, which was once valued at $32B, collapsed in 2023.

The International Monetary Exchange reported on Feb. 2 that the Bahamas economy is in the midst of a solid expansion, fueled by a strong recovery in tourism in the aftermath of Hurricane Dorian and the COVID-19 crisis.

Though public financing is improving, debt remains high. The IMF said the favorable economic environment “provides space for the authorities to reorient their policy framework toward the pursuit of greater fiscal sustainability, social equity, and climate resilience.”

BCW’S team includes Stefan Bailey, CEO of Prime Policy Group; Dan Doherty, BCW’s EVP—global corporate affairs North American practice lead; and Christian Ferry, EVP—North American corporate affairs.

They report to John Rolle, governor of the Central Bank, which is celebrating its 50th anniversary this year.

BCW, which is part of WPP, is merging with Hill & Knowlton in July to form Burson.