The Bahamas: 2007 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion
Volume/Issue:
Volume 2008
Issue 023
Publication date: January 2008
ISBN: 9781451804737
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Public Finance , Industries - Hospitality Travel and Tourism , ISCR , CR , GDP , investment climate , private sector , economy , central bank , current account , monetary policy , executive board discussion , fiscal year , vulnerability to shock , interest rate , resort investment , Current account deficits , Tourism , Imports , Caribbean , Western Hemisphere
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Summary
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.
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