The Bahamas: 2023 Article IV Consultation-Press Release; and Staff Report
February 2, 2024
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The Bahamas: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 21, 2024
Summary
The Bahamas economy is in the midst of a solid expansion. A strong recovery of tourism has helped regain the ground that was lost after hurricane Dorian and the Covid crisis. Unemployment is at its lowest level since 2008 while inflation has been on a downward path and is lower than in most regional peers. Public finances are improving, although debt remains high. The more favorable economic environment provides space for the authorities to reorient their policy framework toward the pursuit of greater fiscal sustainability, social equity, and climate resilience.
Publication Details
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Pages:
86
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2024/039
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Stock No:
1BHSEA2024001
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ISBN:
9798400266669
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ISSN:
1934-7685
