The Central Bank of The Bahamas has released its Monthly Economic and Financial Developments report for May 2012. According to the report, the Bahamian economy maintained a mild growth momentum during the month, supported by ongoing gains in the tourism sector and foreign investment-led growth in construction output.

Standard & Poor's has raised The Bahamas' short-term currency rating to A2 from A3. Watch a ZNS news report on the change here.