The Bahamas: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

January 28, 2021

Preview Citation

Format: Chicago

The Bahamas: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism, the main source of income and employment. The authorities mounted a rapid emergency response to support the economy and vulnerable households and put in place strict containment measures. But amid limited testing and health resources, reopening the economy has been challenging.

Subject: Commercial banks, COVID-19, Credit, Natural disasters, Public debt

Keywords: Asset registry, Central bank of The Bahamas, COVAX Facility, CR, IMF staff calculation, ISCR, Loan moratoria

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/024
Stock No:

1BHSEA2021001
ISBN:

9781513567839
ISSN:

1934-7685

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