Download or read book The Bahamas 2009 Article IV Consultation Staff Report Staff Supplement and Public Information Notice on the Executive Board Discussion written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-06-18 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for The Bahamas's 2009 Article IV Consultation examines economic developments and policies. The financial sector, including the offshore sector, accounts for about 20 percent of economic activity. Exchange controls are maintained on capital transactions, narrowing the field of investment opportunities for local wealth, largely to real estate and government debt. Macroeconomic policy has historically been geared to maintaining fiscal sustainability, attracting investment, and supporting the exchange rate peg.
Download or read book The Bahamas written by Patricia Alonso-Gamo and published by . This book was released on 2009 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas 2007 Article IV Consultation written by Markus Rodlauer and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-07-07 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bahamas’s 2005 Article IV Consultation reports that the economic slowdown has contributed to deterioration in the fiscal accounts. The Bahamas is a small, open, and relatively wealthy economy, which is highly dependent on tourism from the United States and offshore financial activities. Offshore financial activities have developed rapidly since the early 1990s and account for roughly 15 percent of GDP. This has reduced the economy’s dependence on the tourism sector, which is focused on the higher end of the U.S. market but still accounts for one-fourth of GDP.
Download or read book The Bahamas written by and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas 2005 Article IV Consultation written by Christopher Towe and published by . This book was released on 2005 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas 2007 Article IV Consultation Staff Report and Public Information Notice on the Executive Board Discussion written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-01-17 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prudent macroeconomic management, strong growth, low inflation, small fiscal deficit, and public debt have helped The Bahamas attain the highest standard of living in the Caribbean. Executive Directors supported the government's goals of balancing the budget and reducing debt. They encouraged the use of market-based monetary policy and tax administration. They emphasized the need of a macroeconomic policy framework, international reserves, and a strong financial framework. Directors appreciated the performance of the financial system and also for modernizing the regime to combat money laundering and terrorism financing.
Download or read book The Bahamas Staff Report for the Article IV Consultation written by and published by . This book was released on 2005 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-07-23 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bahamas showed strong performance owing to its prudent macroeconomic management. Executive Directors welcomed this step, and emphasized the need to strengthen fiscal and international reserve positions, and diversify the economic base to maintain confidence and reduce economic vulnerabilities. They stressed the need to accelerate structural reforms, improve financial supervision and regulation, and to bring the regimes for combating money laundering and terrorism financing. They appreciated The Bahamas's participation in the General Data Dissemination System, and encouraged action to remove inconsistencies that exist in the economic data.
Download or read book Germany written by and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bahamas written by Claudio Loser and published by . This book was released on 2001 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Barbados written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-15 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global crisis has hit Barbados front and center. The broad economic weakness has hurt the labor market, while inflation remains stubbornly elevated. The major challenge ahead is to put public debt on a steady declining path to support both domestic and external stability. A decisive fiscal adjustment is the best way to protect the exchange rate peg while the current monetary stance is broadly appropriate. Banks remain healthy, but tighter regulations are needed. Supervision of nonbank financial institutions needs to be revamped.
Download or read book The Bahamas written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-20 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Maldives written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-01-29 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the Maldives’ 2009 Article IV Consultation on economic developments and policies. The Maldivian economy is facing large external and fiscal imbalances, resulting from the severe impact of the global financial crisis and exacerbated by an unsustainable fiscal expansion. The global crisis has led to sharp declines in tourism and related investment, other net capital flows, and exports. This has caused a significant fall in fiscal revenue, compounding a large increase in public spending, and pushed the economy into recession. A rising share of the resulting fiscal deficit has been financed by monetization.
Download or read book Trinidad and Tobago written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-03-30 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic slowdown as a result of the global crisis has been severe, and the recovery has not yet taken hold. Despite ample buffers, including large fiscal space and strong international reserves, the policy response to the crisis has been constrained. Inflation has resurfaced as a concern after falling to a historical low in 2009, but the data are misleading. The monetary policy stance has been generally supportive but ineffective in the context of large excess liquidity. Medium-term growth prospects depend on the energy sector outlook.
Download or read book Tonga written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-05-13 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tonga’s high debt and the apparent ineffectiveness of the monetary transmission mechanism constrain the authorities’ ability to support growth. In the near term, the strength of the global recovery is by no means assured, and there are multiple risks that could weaken prospects in both Europe and the United States. A further rise in world commodity and food prices would also hit Tonga hard, feeding through to inflation, growth, and the current account deficit. Tonga’s high public debt now poses a major risk to economic prospects.
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
