The Bahamas' fiscal position is improving but there's no room for complacency

  • The IMF Article IV concluded in May, warning of the “perilous state” of the public finances – unusually strong language

  • Since then, there has been some improvement in the fiscal position, but it is early days and challenges remain

  • Moody’s recent downgrade and the government’s appointment of sovereign debt advisors may have added to investor anxiety
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