{"id":66223,"date":"2014-05-29T10:12:33","date_gmt":"2014-05-29T14:12:33","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/target\/idb-vat-delay-raises-downgrade-risk"},"modified":"2014-05-29T10:12:33","modified_gmt":"2014-05-29T14:12:33","slug":"idb-vat-delay-raises-downgrade-risk","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2014\/05\/idb-vat-delay-raises-downgrade-risk","title":{"rendered":"IDB: VAT Delay Raises Downgrade Risk"},"content":{"rendered":"<figure id=\"attachment_17039\" aria-describedby=\"caption-attachment-17039\" style=\"width: 200px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17039\" alt=\"Inter-American Development Bank\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/idb.jpg\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/idb.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/idb-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-17039\" class=\"wp-caption-text\">Inter-American Development Bank<\/figcaption><\/figure>\n<p>The Inter-American Development Bank (IDB) says that The Bahamas has \u201cfurthered worsened its potential\u201d to be subject to a downgrade of its credit rating by international agencies as a result of pushing back the implementation date for value-added tax (VAT).<\/p>\n<p>In its Caribbean Region Quarterly Bulletin, the IDB noted that there has been concern expressed by international agencies about a \u201clack of substantial implementation\u201d of fiscal consolidation strategies to reduce the government deficit and slow the accumulation of debt in The Bahamas.<\/p>\n<p>\u201cSlippages in the implementation (delays in implementation, confirmation of the VAT rate, finalization of the tariff rates, etc.) have resulted in warnings of likely downgrades by one to two notches in 2014, thereby leading to a loss of the country\u2019s investment-grade rating.<\/p>\n<p>\u201cRecent push-backs in the implementation date from July 1, 2014 to later in 2014 or 2015 further worsen the potential for downgrades. At this point, the outlook given by rating agencies remains negative, reflecting \u2018their expectation that the government will find it difficult to achieve&#8230;a sustainable trajectory in the near term\u2019 (Moody\u2019s, 2014).\u201d<\/p>\n<p id=\"mct-ai-attriblink\"><a href=\"http:\/\/www.thenassauguardian.com\/bahamas-business\/40-bahamas-business\/47645-idb-vat-delay-raises-downgrade-risk\" target=\"_blank\">Click here to read the complete article at www.thenassauguardian.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IDB says that The Bahamas has \u201cfurthered worsened its potential\u201d to be subject to a downgrade of its credit rating by international agencies as a result of pushing back the implementation date for VAT.<\/p>\n","protected":false},"author":17,"featured_media":17039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[29,534,556],"class_list":["post-66223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-economy","tag-idb","tag-vat"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/66223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=66223"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/66223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media\/17039"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=66223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=66223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=66223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}