IMF says Bahamas must tighten monetary financing rules

Country adopted new limits on central bank loans in April, but IMF says cap still too high

Central Bank of The Bahamas
Central Bank of The Bahamas
Photo: Mikael Latreille

The International Monetary Fund (IMF) has advised the Bahamas to tighten restrictions of monetary financing of the government, in a statement issued on November 27.

“Additional steps should be taken to place more binding limits on central bank financing of the fiscal deficit,” the statement concluding the most recent Article IV consultation said. The government should also repay the loans it received from the central bank, the IMF continued.

In its previous Article IV report, published in May

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