The Bahamas 2009 Article Iv Consultation Staff Report Staff Supplement And Public Information Notice On The Executive Board Discussion

Download or read book The Bahamas: 2009 Article IV Consultation - Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-06-18 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for The Bahamas's 2009 Article IV Consultation examines economic developments and policies. 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. Macroeconomic policy has historically been geared to maintaining fiscal sustainability, attracting investment, and supporting the exchange rate peg.