European Parliament Library

The Bahamas :, 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

The Bahamas depends heavily on tourism and financial services. Executive Directors have commended the strong track record of prudent macroeconomic management, but have encouraged the government to broaden the domestic tax base, reduce distortions, increase the resilience of revenues to shocks, and specify contingency measures to reign in the growth in public debt. Greater transparency will underpin the medium-term fiscal strategy, and a higher international reserve coverage will help reduce vulnerabilities. Measures under way to strengthen the financial system have been commended
Table Of Contents
Cover; Contents; I. Background; II. Recent Developments; III. Outlook and Risks; Boxes; 1. Forecasting Economic Activity in The Bahamas; IV. Policy Discussions; A. Fiscal Policy; B. Monetary and Exchange Rate Policy; C. Financial Sector; 2. Domestic Government Debt: Moving Towards a Market-Based Auction Mechanism; D. Enhancing Medium Term Growth; E. Other Issues ; V. Staff Appraisal; Figures; 1. Recent Developments; 2. Fiscal Developments and Outlook; 3. Exchange Rate Assessment; 4. Tax Revenue Regional Comparison; 5. Financial Developments; Tables; 1. Selected Economic Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (42 p.)
Specific Material Designation
Form Of Item

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