European Parliament Library

The Bahamas :, Staff Report for the 2011 Article IV Consultation

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
Table Of Contents
Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK; BOX; 1. Expanding Tourism Potential in The Bahamas: Challenges and Strategy; POLICY DISCUSSIONS; A. Consolidation Strategy; B. Growth Strategy; C. External Stability and Exchange Rate Policy; D. Financial Sector; 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 Social and Economic Indicators; 2. Operations of the Central Government; 3. Operations of the Central Government
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (48 p.)
Specific Material Designation
Form Of Item

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