IMF: Bahamas among regional OFCs attracting $4.3B from China

A new International Monetary Fund (IMF) working paper has revealed that China has channeled more than $4 billion into Caribbean-based offshore financial centers (OFCs), including The Bahamas. The paper, titled “Chinese Investment in Latin America: Sectoral Complementarity and the Impact of China’s Rebalancing”, revealed that in 2019, Latin America and the Caribbean (LAC) attracted