The Central Bank of the Bahamas is backing plans to amend its legal framework, which would place limits on the total value of government debt it can hold on its balance sheet.
In a statement published on October 11, the central bank responds to a report from the International Monetary Fund that said it had breached its “statutory limits” on long-term government bond holdings when they rose above 20% of demand liabilities.
“Following the passage of Hurricane Matthew… the bank participated in th
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