US envoy accuses Bahamas of shifting investment rules in Freeport power grab

US Ambassador Herschel Walker publicly criticized the Davis administration for signaling to investors that rules can change post-investment, following the government's plan to assume regulatory authority in Freeport from the Grand Bahama Port Authority. This marks an unusual diplomatic intervention in a bilateral investment dispute, raising concerns over the stability of the Bahamas' investment climate and potential strain in US-Bahamas relations.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works