Economic Outlook Curaçao 2001 PDF Download

Author: Department of Economic Affairs
Publisher:
ISBN:
Category :
Languages : en
Pages : 117

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Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1513539361
Category : Business & Economics
Languages : en
Pages : 85

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Book Description
This 2019 Article IV Consultation focuses on Curaçao and Sint Maarten’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The fiscal position in Curaçao improved in the past two years, in part due to implemented fiscal measures. Both Curaçao and Sint Maarten would benefit from introducing a Fiscal Responsibility Framework. It could incorporate a central government debt ratio as a long-term anchor and operational rules calibrated to meet it. The report suggests that risks in the financial sector need to be addressed as a matter of priority. The authorities should develop a strategy for addressing financial sector vulnerabilities with the objective of preserving financial stability while minimizing fiscal costs. Significant strengthening of supervision and a complete overhaul of the bank resolution framework are also urgently needed. An across-the board improvement in the governance framework should be a key priority in both countries. Vulnerabilities in the financial system point to the need to strengthen governance in the financial sector.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498314600
Category : Business & Economics
Languages : en
Pages : 61

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KEY ISSUES Context: The union’s current account deficit—the key economic vulnerability flagged in the previous (2011) consultation—has declined over the past few years, including thanks to fiscal adjustment in Curaçao. But it remains large. Curaçao’s growth and job creation remain lackluster, due to weak competitiveness, adverse sectoral trends (e.g., in the international financial center), red tape, and rigid labor laws. Sint Maarten’s tourism-based economy is recovering but remains vulnerable to shocks and suffers from weak administrative capacity—as underscored, for example, by weakening tax collection. Risks: Both Curaçao and, especially, Sint Maarten are exposed to shifts in tourism demand. Curaçao is vulnerable to the uncertain situation in Venezuela, its main trading partner. If long-discussed flexibility- and competitiveness-enhancing structural reforms are not implemented, both countries’ capacity to absorb shocks may prove limited, and pressures on FX reserves and, ultimately, the peg may intensify. Policy recommendations: Fiscal policies should entrench recent gains to facilitate continued external adjustment (especially in Curaçao) and build buffers against shocks. Curaçao should extend the reform of its pension system to public sector workers, further streamline its administrative apparatus, and address weak governance and finances in state companies. Sint Maarten needs to increase revenues to support an expanding administration, including through stronger tax collection and greater contribution from its profitable state companies. The common central bank must monitor closely the deterioration in banks’ loan portfolios and refrain from direct financing of non-financial companies. It should also use more standard sterilization tools to control banks’ excess liquidity. Urgent action is required to lower the cost of doing business and remove pervasive disincentives to both supply and demand of labor.

Author: Jacqueline West
Publisher: Psychology Press
ISBN: 9781857431216
Category : Business & Economics
Languages : en
Pages : 974

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South America, Central America and the Caribbean 2002has been thoroughly revised and updated by Europa's experienced editorial team. The information included is as invaluable to those who know little of the region as it is to the seasoned businessman or academic. It should be in the reference collections of public and academic libraries, international organizations, trade and industrial companies, diplomats, government and the media. Containing a wealth of up-to-date information on the 48 countries and territories of the region, this reference provides a unique perspective on the region with its exhaustive collection of facts, up-to-date statistics, extensive directory details and expert comment.

Author: Europa Publications
Publisher: Taylor & Francis
ISBN: 9781857431384
Category : History
Languages : en
Pages : 992

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Introductory surveys cover topics of regional importance; individual country chapters include analysis, statistics and directory information; plus information on regional organizations

Author:
Publisher:
ISBN:
Category : Transportation
Languages : en
Pages : 100

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Author: OECD
Publisher: OECD Publishing
ISBN: 9264546936
Category :
Languages : en
Pages : 283

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Latin America and the Caribbean needs an ambitious and comprehensive investment agenda to embark on a stronger and more sustainable development trajectory. The 16th edition of the Latin American Economic Outlook proposes ways to make this possible through co-ordinated actions by policy makers, the private sector and international partners.

Author: United Nations
Publisher: UN
ISBN: 9789211091809
Category : Business & Economics
Languages : en
Pages : 0

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The United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2019 and 2020. Produced by the Department of Economic and Social Affairs, the five UN regional commissions, the United Nations Conference on Trade and Development, with contributions from the UN World Tourism Organization.

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1498378005
Category : Business & Economics
Languages : en
Pages : 884

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Global growth remains moderate and uneven, and a number of complex forces are shaping the outlook. These include medium- and long-term trends, global shocks, and many country- or region-specific factors. The April 2015 WEO examines the causes and implications of recent trends, including lower oil prices, which are providing a boost to growth globally and in many oil-importing countries but are weighing on activity in oil-exporting countries, and substantial changes in exchange rates for major currencies, reflecting variations in country growth rates and in exchange rate policies and the lower price of oil. Additionally, analytical chapters explore the growth rate of potential output across advanced and emerging market economies, assessing its recent track and likely future course; and the performance of private fixed investment in advanced economies, which has featured prominently in the public policy debate in recent years, focusing on the role of overall economic weakness in accounting for this performance.

Author:
Publisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 456

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