The Bahamas: Staff Report for the 2011 Article IV Consultation

December 2, 2011

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The Bahamas: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed November 8, 2024

Summary

The Bahamian economy began a tepid recovery in 2010, following a sharp recession in 2008 and 2009 in the wake of the global financial crisis. Real GDP grew by about 1 percent. The rebound was driven by the trade, hospitality, transport, and government services sectors. Executive Directors welcomed the gradual recovery of the Bahamian economy. They also called for steadfast implementation of reforms to place public debt on a sustainable path, build fiscal buffers, and enhance medium-term growth prospects.

Subject: Banking, Economic sectors, External debt, Public debt, Public sector, Revenue administration, Tourism

Keywords: Bahamas, Bahamian authorities, CR, Deficit, E-government portal, GDP, Global, Government, Government sector debt-to-GDP ratio, IDB effort, ISCR, Liability positions vis-à-vis nonresident, Public sector, Tourism

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/338
Stock No:

1BHSEA2011001
ISBN:

9781463927882
ISSN:

1934-7685

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