The Bahamas: 2007 Article IV Consultation PDF Download
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Author: Markus Rodlauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
Author: Markus Rodlauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451804737
Category :
Languages : en
Pages : 49
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Book Description
Prudent macroeconomic management, strong growth, low inflation, small fiscal deficit, and public debt have helped The Bahamas attain the highest standard of living in the Caribbean. Executive Directors supported the government's goals of balancing the budget and reducing debt. They encouraged the use of market-based monetary policy and tax administration. They emphasized the need of a macroeconomic policy framework, international reserves, and a strong financial framework. Directors appreciated the performance of the financial system and also for modernizing the regime to combat money laundering and terrorism financing.
Author:
Publisher:
ISBN:
Category : Bahamas
Languages : en
Pages : 58
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Book Description
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1513567837
Category : Health & Fitness
Languages : en
Pages : 83
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Book Description
The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism, the main source of income and employment. The authorities mounted a rapid emergency response to support the economy and vulnerable households and put in place strict containment measures. But amid limited testing and health resources, reopening the economy has been challenging.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1484355083
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
This 2018 Article IV Consultation highlights that The Bahamas’ real GDP is estimated to have expanded by 1.3 percent in 2017. Economic activity has been supported by the completion of Baha Mar, new foreign direct investment-financed projects, and post-hurricane reconstruction activity. However, air tourist arrivals declined 4 percent in 2017, reflecting the impact of Hurricane Matthew on hotel infrastructure in the Grand Bahama Island. Real GDP growth is projected at 2.5 percent in 2018 and 2.25 percent in 2019 on the back of stronger growth in the United States; the phased opening of Baha Mar; and a pickup in foreign direct investment. Medium-term growth is projected to remain at 1.5 percent, reflecting significant structural impediments.
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy is projected to expand by 8 percent in 2022. Nonetheless, it will likely take until 2024 to return to the 2019 level of GDP and 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. 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, and the country’s high vulnerability to natural disasters.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1484390687
Category : Business & Economics
Languages : en
Pages : 55
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Book Description
The article highlights the economic condition, fiscal policies, external stability, and financial growth strategy of The Bahamas. The economy of The Bahamas showed gradual growth of about 2.5 percent by 2012, but there were challenges for the country. The nation has to rebuild macroeconomic buffers against external imbalances, regulate nonperforming loans, reduce unemployment, and increase the business sector. This assessment is an analysis of The Bahamas’ recent development and forthcoming plans to encounter global threats.
Author: Patricia Alonso-Gamo
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
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Book Description
Author: Claudio Loser
Publisher:
ISBN:
Category : Wirtschaftslage / Wirtschaftspolitik / Bahamas
Languages : en
Pages : 49
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1463927886
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
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.
