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International Monetary Fund
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 the most important determinant of tourism in The Bahamas.
International Monetary Fund

IV. R ecent D evelopments in F inancial S ector S upervision in the B ahamas 1 A. Bank Supervision 1. The Bank Supervision Department of the Central Bank of The Bahamas (CBB) is in charge of licensing, regulating and supervising the onshore and offshore Bahamian banking and trust industry . Its Supervision Unit is responsible for offsite and (since January 2001) onsite inspections, including a program to discontinue “shell” banks. 2 As recommended in the report of the IMF’s Module 2 assessment in 2002, a Policy Unit was created in 2002 to develop