KEY ISSUES Context. Economic activity remains tepid, unemployment is high, and inflation is subdued. The fiscal and external positions have weakened, with reserves declining toward worrisome levels. Non-performing loans (NPLs) are elevated, but the financial system is well capitalized and...

The article highlights the economic condition, fiscal policies, external stability, and financial growth strategy of The Bahamas. The economy of The Bahamas showed gradual growth of about 2.5 percent by 2012, but there were challenges for the country. The nation has to rebuild macroeconomic...

This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in...

Activity has recovered to its pre-pandemic level and inflation is now modestly negative. Public finances are improving and borrowing costs have declined. Nonetheless, public debt remains high and its short duration represents an important vulnerability

The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy is projected to expand by 8 percent in 2022. Nonetheless, it will likely take until 2024 to return to the 2019 level of GDP and...