Monday, November 24, 2014

IDB to support The Bahamas’ efforts to improve fiscal effectiveness

The Inter-American Development Bank (IDB) has approved a $33 million loan for The Bahamas to improve the management of its public finances and procurement, and to enhance its capacity to monitor progress and implementation of key government priorities. The Bahamas’ tourist-based economy has been growing steadily in recent years but its public finances have suffered since 2008, with growing fiscal deficits and debt levels, amid rising unemployment.

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