The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
IMF Staff Country Reports, May 9, 2022
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- Canonical URL
- The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
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Bibliographic details
- Published: May 9, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400209536.002
Executive summary and growth outlook
- Real GDP growth in 2021 was close to 14 percent, driven by a tourism-led rebound as stayover tourist arrivals doubled relative to 2020.
- The economy is projected to expand by 8 percent in 2022.
- It will likely take until 2024 to return to the 2019 level of GDP.
- The pandemic has given rise to significant human and social costs.
- The country’s medium-term growth challenges are likely worse than before, and public finances are in a more precarious state.
Key risks and vulnerabilities
- Risks are skewed downwards given:
- a difficult near-term financing situation,
- rising inflationary—and potentially BOP—pressures because of the war in Ukraine,
- an ongoing threat from the evolving pandemic,
- the country’s high vulnerability to natural disasters.
Thematic focus areas (as listed)
- COVID-19
- Credit
- Financial regulation and supervision
- Health
- International organization
- Monetary policy
- Money
- National accounts
- Public debt
Content in this bundle
- 1bhsea2022001