Kingdom of the Netherlands-Curaçao and Sint Maarten

Released on by International Monetary Fund. Western Hemisphere Dept.
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  • Kingdom of the Netherlands-Curaçao and Sint Maarten Book Detail

  • Author : International Monetary Fund. Western Hemisphere Dept.
  • Release Date : 2024-09-17
  • Publisher : International Monetary Fund
  • Genre :
  • Pages : 141
  • ISBN 13 :
  • File Size : 39,39 MB
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Kingdom of the Netherlands-Curaçao and Sint Maarten by International Monetary Fund. Western Hemisphere Dept. PDF Summary

Book Description: Curaçao and Sint Maarten experienced a vigorous post-pandemic recovery. Growth was underpinned by strong stayover tourism, which is outperforming Caribbean peers. Headline inflation has declined rapidly, notwithstanding a recent uptick, led by international oil price developments, while core inflation remains elevated. In both countries, current account deficits improved markedly from pandemic years but remain high. Fiscal positions remained strong and in compliance of the fiscal rule. Both countries strive to adopt sound macroeconomic policies, broadly in line with past IMF advice (Annex I). The landspakket, the structural reform package agreed with the Netherlands in 2020, continues to guide both countries’ reform agenda.

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