Taking account of the relatively large net inflows of portfolio foreign capital, outflows to finance foreign investment by residents, and all other capital movements, the capital account of the South African balance of payments still showed a net inflow of funds from abroad of R53 billion over the period from the beginning of 1995 up to March 1998.
The Bahamas needs to overcome the underlying unwillingness to accept the meaningful and equal participation in our economy by persons from elsewhere. This, I admit, will probably change more quickly, when more Bahamians, themselves, venture to invest and pursue business beyond our borders.