This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes … from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent … on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is …

This paper studies recent developments in tourism in the East Caribbean countries (ECC) and reviews government policies … to support tourism. The paper also presents a model to explain the movements of tourist arrivals to the region during …

Nepal is a post-conflict state seeking to formalize democracy in a challenging environment. Significant headway toward …

Nepal has maintained macroeconomic stability under the Poverty Reduction and Growth Facility Arrangement. Executive …

Over the past several years, Nepal has pursued a prudent fiscal policy, which has resulted in a significant reduction … of public debt as a percentage of GDP. This paper reexamines the fiscal stance in Nepal in light of recent developments …

Nepal’s economy and exposing its structural weaknesses. Although the Nepalese rupee appears modestly overvalued, maintaining … addressed urgently. The Nepal Rastra Bank (NRB)’s recent directives are welcome, but enforcement is crucial to their …