News

IMF Executive Board completes the third review under the Extended Credit Facility.

The Bahamian economy continues to recover, with real GDP growth projected to reach 2.3 percent in 2018 and 2.1 percent in 2019. The Fiscal Responsibility Law (FRL) will support the government’s efforts to secure fiscal sustainability and put debt on a downward path.

Macroeconomic developments have been positive. Growth continues to be strong, inflation benign, and unemployment has steadily declined. However, the labor participation rate remains low.

The government’s economic program ensures continued policy discipline and decisive reforms that lay the foundation for self-reliance and sustained inclusive growth. Continued strong program ownership by the government remains vital to its success.