Cover IMF Staff Country Reports
The Bahamas: Staff Report for the 2011 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 338
Language:
English
Publication Date:
02 Dec 2011
DOI:
https://doi.org/10.5089/9781463927882.002
ISBN:
9781463927882
ISSN:
1934-7685
Pages:
44
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2011: Issue 338