The Bahamas : 2009 Article IV consultation : staff report : staff supplement : and public information notice on the Executive Board discussion.

The Bahamas : 2009 Article IV consultation : staff report : staff supplement : and public information notice on the Executive Board discussion.

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2009.
Description:	1 online resource : color illustrations
Language:	English
Series:	IMF country report, 2227-8907 ; no. 09/189 IMF country report ; no. 09/189.
Subject:	International Monetary Fund -- Bahamas. International Monetary Fund. Global Financial Crisis, 2008-2009. Financial crises -- Bahamas. Fiscal policy -- Bahamas. Risk management -- Bahamas. Banks and banking -- Bahamas. Financial institutions -- Bahamas. Banks and banking. Economic history. Economic policy. Financial crises. Financial institutions. Fiscal policy. Risk management. Bahamas -- Economic conditions. Bahamas -- Economic policy. Bahamas. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495117

Hidden Bibliographic Details
Varying Form of Title:	Bahamas, 2009 Article Four consultation
Other authors / contributors:	International Monetary Fund.
ISBN:	1280890371 9781280890376 9781452750521 1452750521 1451877358 9781451877359 1462342426 9781462342426 9786613731685 6613731684 9781451804744 1451804741
Notes:	Cover title. "June 2009." English. Print version record.
Summary:	1. The Bahamas is a small open economy, based mainly on tourism, foreign direct investment, and offshore financial activities. The one-to-one peg between the Bahamian and U.S. dollars has been in place for 36 years, and has provided a stable investment climate. The country has the third largest income per capita in the western hemisphere region, with a good track record of political stability, and a relatively high credit rating within the region. Tourism accounts for almost half of GDP, with over 80 percent of tourists from the United States. FDI, mostly related to tourism and second-home buyers, fuels construction, domestic employment and services. 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.
Other form:	Print version: Bahamas. Washington, D.C. : International Monetary Fund, ©2009
Standard no.:	10.5089/9781451877359.002

Table of Contents:

I. Background; II. Recent Developments and Near-Term Outlook; Figures; Boxes; III. Policy Discussions; A. Macroeconomic Policy Responses to the Shock; B. Financial Sector Policies; C. Contingency Planning and Risks; D. Reducing Vulnerability over the Medium Term; IV. Staff Appraisal; Tables; Appendices; Contents; Annexes; I. Fund Relations; II. Financial Relations with the Inter-American Development Bank; III. Statistical Issues.