May 6, 2020
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A Caribbean economist has questioned whether The Bahamas will “run out of runway” before key reforms “bear fruit” sufficiently to avert an economic and fiscal crisis.
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
A prominent banker yesterday said there are no signs the international capital markets agree with a Caribbean economist that a Bahamian sovereign debt default is imminent.
The Bahamas will be in an International Monetary Fund (IMF) adjustment programme by 2021 due to a “balance of payments crisis”, a noted Caribbean economist predicted yesterday.Marla Dukharan, formerly Royal Bank of Canada’s (RBC) top regional economi