January 20, 2025
International Monetary Fund
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IMF: Make all 23,000 civil servants pay for retirement
The International Monetary Fund (IMF) is urging the Government to mandate that all 23,000-plus civil servants contribute to funding their own retirement so as to protect taxpayers from further growth in the $2bn-plus “unfunded” public service pension liabilities.
IMF raises Bahamas’ growth, calls for income tax, 15% VAT
The International Monetary Fund (IMF) has further boosted The Bahamas’ 2025 economic growth prospects to just shy of 3 percent while “regurgitating” its now-annual call for the country to introduce a “personal income tax” and 15 percent VAT rate.
IMF: Energy reform may give 0.5% GDP boost
THE Davis administration’s proposed energy sector reforms could boost GDP growth by 0.5 percentage points by 2035 if successfully implemented, while also cutting emissions and lowering electricity costs for low-income households, according to a new International Monetary Fund report.
IMF: Property and rental rates outpaced wages growth
Property prices and rental rates outpaced growth in Bahamian wages seven-fold during the decade to 2022 to deepen the housing affordability crisis, the International Monetary Fund (IMF) has revealed.
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