The Bahamas: 2023 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2024/039, IMF Staff Country Reports from International Monetary Fund

Abstract: The Bahamas economy is in the midst of a solid expansion. A strong recovery of tourism has helped regain the ground that was lost after hurricane Dorian and the Covid crisis. Unemployment is at its lowest level since 2008 while inflation has been on a downward path and is lower than in most regional peers. Public finances are improving, although debt remains high. The more favorable economic environment provides space for the authorities to reorient their policy framework toward the pursuit of greater fiscal sustainability, social equity, and climate resilience.

Pages: 86
Date: 2024-02-02
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