IDB Releases Bahamas Strategy Paper

The Inter-American Development Bank has released its Country Strategy Paper (CSP), articulating its strategy with The Bahamas for the 2003-2007 period.

The IDB says that in view of the comparative advantages of The Bahamas, the present structure and characteristics of the economy, and ongoing developments, the most important sources of economic growth over the medium to long term are likely to be the tourism industry, financial services sector, transshipment services, and other services.

The challenge, according to the Paper's authors, is to ensure that the conditions for growth, particularly in the leading tourism and financial sectors, are as conducive as possible.