The International Monetary Fund (IMF) recently released its latest Financial Sector Assessment Program (FSAP) report on The Bahamas. The published report notes the Bahamian financial system “faces no obvious near-term threats to financial stability”. It also noted that financial system oversight has improved greatly over the last decade and the authorities continue to act with resolve on a wide variety of fronts to institute further improvements.

Also recently released was the latest Article IV Consultation Report. Thomas Hockin, Executive Director for The Bahamas and Carlos Alberto de Resende, Alternate Executive Director noted that the report outlines a sensible set of policy options, mostly in tune with initiatives already being implemented or in the process of being implemented by the authorities, such as the tax and public financial management reforms.

See also BFSB Reports.