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.

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Year of publication:	2010-12-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank supervision \| Banking sector \| Economic indicators \| Fiscal consolidation \| Fiscal transparency \| Public debt \| Staff Reports \| Tax reforms \| central bank \| current account \| government debt \| external debt \| debt service \| foreign debt \| current account deficit \| debt sustainability \| current account balance \| balance of payments \| government deficit \| external debt sustainability \| public sector debt \| tax revenue \| debt dynamics \| fiscal balance \| fiscal policy \| capital expenditure \| primary deficit \| tax incentives \| debt stock \| fiscal effort \| fiscal position \| tax administration \| domestic currency \| short-term debt \| fiscal strategy \| debt ratio \| external debt service \| fiscal developments \| external public debt \| fiscal incentives \| fiscal deficit \| domestic financing \| debt \| debt management \| external borrowing \| fiscal liabilities \| tax reform \| tax base \| central government budget \| external financing \| fiscal outlook \| medium-term fiscal framework \| government budget \| domestic financial markets \| publicly-guaranteed \| government revenue \| total external debt \| fiscal costs \| fiscal cost \| debt staff \| fiscal projections \| fiscal assumptions \| domestic public debt \| fiscal sustainability \| fiscal measures \| fiscal targets \| interest expenditure \| fiscal risks \| private sector debt \| debt-service \| debt management system \| long-term debt \| fiscal framework

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/369 4 pages long
Source:	RePEc - Research Papers in Economics

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