The Bahamas: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2011/338, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; Bahamas; deficit; government; IDB effort; e-government portal; liability positions vis-à-vis nonresident; Bahamian authorities; government sector debt-to-GDP ratio; Public sector; Tourism; Global (search for similar items in EconPapers)
Pages: 44
Date: 2011-12-02
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