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Bahamas posing 'challenge' for IDB

A multilateral lender says the Bahamas poses a unique challenge for it, with surface-level wealth asking significant income inequality where almost half of those living in poverty are the working poor.
    
The Inter-American Development Bank, in a June 2017 report, reveals just how this nation has stagnated from a social, economic and equality perspective since the 21st century began.
    
Kick-starting a review of its Bahamas country programme for the past seven-and-a-half years, the IDB said household income distribution had undergone "a significant deterioration" since 1999, with the poverty rate jumping from 9.3 per cent in 2001 to 12.8 per cent in 2013.


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