IMF: Debt target delay “appropriate” as government’s near-term priority is to “save lives and livelihoods”

NASSAU, BAHAMAS — The government’s near-term priority is to “save lives and livelihoods” according to the International Monetary Fund (IMF), which added that it is “appropriate” to postpone the achievement of the public debt target of 50 percent of GDP by another two years. According to the IMF, public debt is expected to jump to […]

IMF marks up forecast for economic growth in The Bahamas

Deputy Prime Minister and Minister of Finance, Peter Turnquest, said in line with the brighter economic outlook globally and especially in the U.S., the International Monetary Fund has marked up its forecast for economic growth in The Bahamas. “Real growth in 2018 is now forecast at 2.5 per cent, up from 2.2 per cent at […]