## The Bahamas: Technical Assistance Report - Technical Assistance Project on Debt-Investment-Growth and Natural Disasters (DIGNAD)

_Technical Assistance Reports, June 5, 2026_

## Source details

**Canonical URL:** [The Bahamas: Technical Assistance Report - Technical Assistance Project on Debt-Investment-Growth and Natural Disasters (DIGNAD)](https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/06/05/the-bahamas-technical-assistance-report-technical-assistance-project-on-debt-investment-576403)

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## Bibliographic details
- Published: June 5, 2026
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229048088.019

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### Overview
- The report documents a scoping mission to strengthen the authorities’ capacity to integrate climate-related natural disaster risks into macroeconomic analysis in The Bahamas.
- The mission was conducted at the request of the Central Bank of The Bahamas.
- The assessment covered existing analytical tools, institutional arrangements, and data practices, identifying gaps in incorporating disaster shocks and debt-investment-growth linkages into forecasting frameworks.
- The report proposes a multi-stage capacity development program centered on operationalizing the DIGNAD model, including calibration, scenario design, and integration into existing frameworks.
- The program aims to institutionalize disaster risk analysis, strengthen policy assessment, and support evidence-based macroeconomic management and resilience planning in a highly disaster-prone small island economy.

### Key findings
- Gaps exist in incorporating disaster shocks into forecasting frameworks.
- Linkages between debt, investment, and growth are not fully embedded in current macroeconomic and fiscal forecasting tools.
- Institutional arrangements and data practices require strengthening to support routine disaster risk analysis.
- Operational capacity to calibrate and run the DIGNAD model is limited and needs development for scenario design and policy integration.

### Proposed capacity development program (DIGNAD operationalization)
- Multi-stage program focused on:
  - Calibration of the DIGNAD model to Bahamian data and context.
  - Scenario design to capture climate-related natural disaster risks and debt-investment-growth interactions.
  - Integration of DIGNAD outputs into existing macro-fiscal forecasting and policy assessment frameworks.
- Objectives of the program:
  - Institutionalize disaster risk analysis within national forecasting and planning processes.
  - Strengthen policy assessment tools to account for disaster shocks and fiscal-debt implications.
  - Support evidence-based macroeconomic management and resilience planning.

### Policy relevance and intended outcomes
- Strengthened capacity to analyze and forecast the macroeconomic impacts of natural disasters.
- Enhanced ability to assess policy responses that account for debt-investment-growth trade-offs in a disaster-prone small island economy.
- Improved institutionalization of disaster risk analysis to inform macro-fiscal frameworks and public financial management.

### Scope, subjects, and keywords
- Subject: Economic forecasting; Economic sectors; Environment; Fiscal policy; Macro-fiscal framework; Macroeconomic and fiscal forecasts; Natural disasters; Public financial management (PFM); Tourism
- Keywords: Debt-Investment-Growth; DIGNAD model; Global; Icd department; IMF; Imf mission; Institute for Capacity Development; Macro-fiscal framework; Macroeconomic and fiscal forecasts; Macroeconomic Frameworks; mission team; Natural Disasters; policy response; Technical Assistance; Tourism

*The Bahamas: Technical Assistance Report - Technical Assistance Project on Debt-Investment-Growth and Natural Disasters (DIGNAD), June 5, 2026.*

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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2026/06/05/the-bahamas-technical-assistance-report-technical-assistance-project-on-debt-investment-576403_