The Bahamas : Financial Sector Stability Assessment

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

April 11, 2013

Electronic Access:

Free Full Text (PDF file size is 1037 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.

Series:

Country Report No. 13/101

Subject:

English

Publication Date:

April 11, 2013

ISBN/ISSN:

9781484357675/1934-7685

Stock No:

1BHSEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

88

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