This report provides the details of the IMF's projections and estimates of The Bahamas on generation and sale of electricity; central government revenue and expenditure; summary central government operations; operations of the nonfinancial public sector; accounts of the financial system; accounts of the central bank, commercial banks, and other local financial institutions; loans and advances of commercial banks; liquidity positions of commercial banks; selected interest rates; balance of payments; composition of merchandise exports and imports; external public debt and debt service; comparative real exchange rate; operations of the National Insurance Board (NIB), and so on.
This Selected Issues paper and Statistical Appendix summarizes the evolution of monetary institutions in The Bahamas. It discusses the framework in which monetary policy is conducted in the country. Following a brief description of the evolution of institutions, the paper summarizes the monetary policy objectives and constraints of the central bank, and assesses the instruments to achieve these objectives. The paper concludes that the central bank has been able to use interest rate changes, selective credit controls, and moral suasion to achieve its monetary objectives.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.