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The Bahamas : financial sector stability assessment.

Author: International Monetary Fund. Monetary and Capital Markets Department.; International Monetary Fund. Western Hemisphere Department.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF country report, no. 13/101.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. Monetary and Capital Markets Department.; International Monetary Fund. Western Hemisphere Department.
ISBN: 1484380762 9781484380765
OCLC Number: 839336083
Notes: Title from PDF title page (IMF Web site, viewed Apr. 15, 2013).
"Prepared by the Monetary and Capital Markets and Western Hemisphere Department"--Page 2 of pdf.
"April 2013."
"January 18, 2013"--Page 2 of pdf.
Description: 1 online resource (88 pages) : color illustrations.
Series Title: IMF country report, no. 13/101.

Abstract:

This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.

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