The Bahamas: 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

December 20, 2010

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Format: Chicago

The Bahamas: 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

The Bahamas depends heavily on tourism and financial services. Executive Directors have commended the strong track record of prudent macroeconomic management, but have encouraged the government to broaden the domestic tax base, reduce distortions, increase the resilience of revenues to shocks, and specify contingency measures to reign in the growth in public debt. Greater transparency will underpin the medium-term fiscal strategy, and a higher international reserve coverage will help reduce vulnerabilities. Measures under way to strengthen the financial system have been commended.

Subject: Central banks, Consumer price indexes, Credit, Economic sectors, External debt, International reserves, Money, Public debt, Public sector

Keywords: Central government deficit, CPI basket, CR, Credit, Debt, Deficit, GDP, Global, Inter-American Development Bank, International reserves, ISCR, Liability positions vis-à-vis nonresident, One-off special drawing rights, Public sector, Sc

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/369
Stock No:

1BHSEA2010001
ISBN:

9781455212965
ISSN:

1934-7685

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