The Bahamas:2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
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Volume/Issue:
Volume 2021
Issue 024
Publication date: January 2021
ISBN: 9781513567839
$18.00
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Business and Economics , Nature , Banks and Banking , Health and Fitness , Public Finance , Business and Economics - Statistics , Natural Disasters , ISCR , CR , central bank of The Bahamas , IMF staff calculation , asset registry , COVAX Facility , loan moratoria
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.
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