The Bahamas: 2009 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

June 18, 2009

Summary

The staff report for The Bahamas’s 2009 Article IV Consultation examines economic developments and policies. The financial sector, including the offshore sector, accounts for about 20 percent of economic activity. Exchange controls are maintained on capital transactions, narrowing the field of investment opportunities for local wealth, largely to real estate and government debt. Macroeconomic policy has historically been geared to maintaining fiscal sustainability, attracting investment, and supporting the exchange rate peg.

Subject: Banking, Credit, Economic sectors, External debt, Money, Public debt, Public sector, Tourism

Keywords: Caribbean, CR, Credit, credit growth, debt trajectory, expenditure increase, financing flow, Global, ISCR, privatization proceeds, privatization receipts, proceeds, Public sector, Tourism

Pages:
46
Volume:
2009
DOI:
https://doi.org/10.5089/9781451804744.002
Issue:
189
Series:
Country Report No. 2009/189
Stock No:
1BHSEA2009001
ISBN:
9781451804744
ISSN:
1934-7685

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