NASSAU, BAHAMAS — The Bahamas should engage the International Monetary Fund (IMF) in a debt restructuring exercise, a well-known regional economist suggested yesterday while urging the government not to do what Barbados did and “wait until the wheels fall off.” Caribbean economist Marla Dukharan while speaking at Royal Fidelity’s Economic Outlook Conference yesterday noted that […]
Lender suggests tax policy reform: VAT hike, corporate and personal income tax NASSAU, BAHAMAS — The International Monetary Fund (IMF) has recommended that the Central Bank allow interest rates to rise to support the country’s exchange rate peg to the US dollar, while noting that the COVID-19 pandemic has enacted “a tragic human and social […]
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 […]
NASSAU, BAHAMAS – Despite a recent review by the International Monetary Fund (IMF), which commended the government for several key policy initiatives, Gowon Bowe, the Chief Financial Officer at Fidelity Bank said the country still walks a fine line towards a promising economic state. “While it was a relatively upbeat synopsis of the visit, it […]
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 […]
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times GMT +01:00): 12:30 p.m. Optimism about the global economy is widespread at this year’s World Economic Forum. But Christine Lagarde, the managing director of the International Monetary Fund, is warning about growing complacency now that the global economy is […]
