Economic Outlook Curaçao 2007 PDF Download

Author: Department of Economic Affairs
Publisher:
ISBN:
Category :
Languages : en
Pages : 104

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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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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: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1475527306
Category : Business & Economics
Languages : en
Pages : 68

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This 2016 Article IV Consultation highlights that the fiscal situation in Curaçao and Sint Maarten remains relatively stable, following the debt relief in 2010, but progress on necessary fiscal and structural reforms has been slow. Curaçao experienced modest growth in 2015 of 0.1 percent, reflecting a turnaround from the contraction of 1.1 percent in 2014. The economy of Sint Maarten expanded by 0.5 percent in 2015, a slowdown compared with the 1.5 percent recorded in 2014. Real GDP growth in 2016 is expected to reach 0.5 percent in Curaçao and 0.7 percent in Sint Maarten. Over the medium term, growth is expected to pick up moderately to 0.9 percent and 1.3 percent for Curaçao and Sint Maarten, respectively.

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: Indianna D. Minto-Coy
Publisher: CRC Press
ISBN: 1439892989
Category : Political Science
Languages : en
Pages : 500

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The Caribbean is at a crucial phase in its development. Global and local pressures have seen the region losing its competitiveness, while it remains at risk of losing out on development gains made in the last few decades. These pressures are demanding improvements in the way government operates, particularly in its policy-making and administrative

Author: Stephan Haggard
Publisher: Columbia University Press
ISBN: 0231140002
Category : Business & Economics
Languages : en
Pages : 337

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"In their carefully researched book, Stephan Haggard and Marcus Noland present the most comprehensive account of the famine to date, examining not only the origins and aftermath of the crisis but also the regime's response to outside aid and the effect of its current policies on the country's economic future. Their study begins by considering the root causes of the famine, weighing the effects of the decline in the availability of food against its poor distribution. Then it takes a close look at the aid effort, addressing the difficulty of monitoring assistance within the country, and concludes with an analysis of current economic reforms and strategies of engagement."--BOOK JACKET.

Author: Central Intelligence Agency
Publisher: Central Intelligence Agency
ISBN: 9780160893650
Category : Business & Economics
Languages : en
Pages : 848

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In general, information available as of January 1, 2011 was used in the preparation of this edition. Provides brief information on the geography, people, government, economy, communications, and defense of countries and regions around the world. Contains information on international organizations. Designed to meet the specific requirements of United States Government Officials in style, format, coverage, and content. Includes 3 unattached maps, dated June 2011.

Author: OECD Publishing
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264076143
Category : Business & Economics
Languages : en
Pages : 324

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The African Economic Outlook 2009 reviews the recent economic situation and predicts the short-term evolution of 47 African countries which account for 99% of the continent's economic output and 97% of its population. The Outlook is drawn from a country-by-country analysis based on a unique analytical design. This common framework includes a forecasting exercise for the current and the two following years, using a simple macroeconomic model, together with an analysis of the social and political context. This Overview contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context. It also includes a section on innovation and information and communication technologies (ICTs) in Africa, presenting a comprehensive review of their proliferation and use on the African continent, as well as a statistical annex. A URL is provided for linking to the full-length country notes.

Author: IBP USA
Publisher: Lulu.com
ISBN: 1433065061
Category : Business & Economics
Languages : en
Pages : 294

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Caribbean: Investing into Caribbean Countries Markets Handbook Vol 5 Gaming