The Bahamas: 2019 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, July 1, 2019
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- Canonical URL
- The Bahamas: 2019 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: July 1, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498323253.002
Summary findings and outlook
- "Growth has returned after years of stagnation."
- "Tourism and related foreign investments will support growth in the near-term, while low competitiveness and diversification dampen medium-term prospects."
- "Growth would suffer from a slowdown in the U.S. or higher oil prices, and hurricane vulnerability persists."
- "Reform momentum could stall, undermining fiscal consolidation efforts."
Fiscal developments and reform momentum
- "The reform-oriented government is tackling structural issues, with notable achievements in the fiscal area."
- Risk: "Reform momentum could stall, undermining fiscal consolidation efforts."
Financial sector and credit conditions
- "The financial sector is sound and resilient to current stability threats, but credit remains scarce."
Offshore sector, AML/CFT, and tax transparency
- "The offshore sector faces heightened international scrutiny and the government is taking steps to strengthen compliance with AML/CFT and tax transparency standards."
Key subject tags and keywords
- Subject: Budget planning and preparation, Credit, Money, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM)
- Keywords: budget deficit, Budget planning and preparation, Caribbean, CARTAC, consumer price index, CR, Credit, credit growth, debt management, GDP, Global, growth prospect, IMF staff projection, ISCR, PFM legal and regulatory frameworks, private sector, real GDP
Content in this bundle
- 1bhsea2019001