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IMF: Bahamas must hit 'average' $500m surplus

The government must run an unheard-of $500m fiscal surplus beginning in the 2024-2025 budget year to hit a key debt reduction target by the end of this decade, the International Monetary Fund (IMF) has revealed. The fund, in a report accompanying it

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IMF signals scope for interest rate cut

The International Monetary Fund (IMF) has nudged the Central Bank towards a more proactive monetary policy stance by saying it has "some room to lower interest rates" amid the COVID-pandemic.

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IMF slashes Bahamas GDP growth by 50%

The International Monetary Fund (IMF) yesterday slashed The Bahamas’ 2019 growth forecast by 50 percent, and projected the economy will contract next year, due to Hurricane Dorian.Unveiling its latest World Economic Outlook report, the Fund said this

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IMF: Make bus tickets electronic

The government has been urged by the International Monetary Fund (IMF) to prioritise introducing electronic bus tickets as a means to encourage Bahamians to switch to electronic payments. The fund, in a just-released assessment of the Bahamian payme

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Digital B$ 'no panacea' with unreliable BPL

A digital Bahamian dollar is “no panacea” for this nation’s financial inclusion issues, the IMF has warned, especially if unreliable power supply continues to plague the Family Islands.The International Monetary Fund (IMF), in its Article IV report,

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IMF tells banks: Don't 'penalise' merchants on debit card use

The International Monetary Fund (IMF) has urged local banks to stop “penalising” Bahamian merchants for accepting debit card payments by levying “unjustified” transaction fees. The fund, in its newly-released financial sector assessment on The Baham

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IMF lowers Bahamas 2019 growth to 1.8%

The International Monetary Fund (IMF) last night cut The Bahamas’ projected real GDP growth for 2019 to 1.8 percent, and warned that external risks facing this country “have increased”.The fund’s executive board, in concluding its annual Article IV c

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IMF calls for property tax rate increase

The IMF last night called on the government to raise real property tax rates while again forecasting that it will miss its 2018-2019 deficit target by a sum equal to 0.5 percent of GDP. The International Monetary Fund (IMF), in its full Article IV r


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