The Bahamas should enter IMF debt restructuring program, says regional economist

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 […]

FINANCIAL ADJUSTMENT: Bahamas headed for IMF programme ‘in next year or two’, says regional economist

Dukharan: Non-borrowed, usable reserves were -$404M USD in Nov 2021 and have been negative for more than a year NASSAU, BAHAMAS — The Bahamas will be in an International Monetary Fund (IMF) adjustment programme “in the next year or two”, a noted Caribbean economist is once again predicting.  Marla Dukharan, formerly Royal Bank of Canada’s […]