The Bahamas: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion

January 17, 2008

Preview Citation

Format: Chicago

The Bahamas: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed December 28, 2024

Summary

Prudent macroeconomic management, strong growth, low inflation, small fiscal deficit, and public debt have helped The Bahamas attain the highest standard of living in the Caribbean. Executive Directors supported the government’s goals of balancing the budget and reducing debt. They encouraged the use of market-based monetary policy and tax administration. They emphasized the need of a macroeconomic policy framework, international reserves, and a strong financial framework. Directors appreciated the performance of the financial system and also for modernizing the regime to combat money laundering and terrorism financing.

Subject: Balance of payments, Current account deficits, Economic sectors, External debt, Imports, International trade, Public debt, Tourism

Keywords: Caribbean, Central bank, CR, Current account, Current account deficits, Economy, Executive board discussion, Fiscal year, GDP, Imports, Interest rate, Investment climate, ISCR, Monetary policy, Private sector, Resort investment, Tourism, Vulnerability to shock, Western Hemisphere

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/023
Stock No:

1BHSEA2008001
ISBN:

9781451804737
ISSN:

1934-7685

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