Kingdom of the Netherlands-Aruba and the International Monetary Fund (IMF). PDF Download

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Languages : en
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Book Description
Features information concerning the International Monetary Fund (IMF) and member country the Kingdom of the Netherlands-Aruba. Includes access to statements, reports, statistics, papers, and press releases. The IMF is an international organization that promotes international monetary cooperation, exchange stability, and orderly exchange arrangements.

Author: David J. V. Hofman
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451800074
Category :
Languages : en
Pages : 20

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Book Description
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484306805
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns requires identifying the underlying factors. This paper presents an overview of Aruba’s economic growth performance since 1990, analyzes factors behind the slowdown, and discusses how potential growth can be sustained. It suggests that Aruba should aim to finance its renewable energy and other future growth initiatives sustainably.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455208310
Category : Business & Economics
Languages : en
Pages : 14

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The note gives statistical data on Aruba with regard to indicators of tourism activity, components of GDP, real GDP, contributions to real GDP, growth, changes in consumer price index, and legal minimum wages. The statistical data of operations of the central government, operational budget of the social insurance bank, financial balance, balance of payments summary, non-oil balance of payments summary are detailed. The balance sheets of bank-like institutions, life insurance companies, and pension funds are given along with utilities housing mortgage statistics.

Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
ISBN: 1513536788
Category : Business & Economics
Languages : en
Pages : 52

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This Technical Assistance report on Kingdom of the Netherlands—Aruba focuses on the mission undertaken to assist the Central Bureau of Statistics (CBS) in assessing and improving the national accounts. The CBS plans to recompile and disseminate the revised annual current price estimates by January 2020, and improved constant 2013 price estimates by June 2020. The mission and the Director of the CBS met with the Minister of Finance, Economic Affairs and Culture to discuss the rebased estimates and the 2020–2025 action plan. The budget, staffing, and data coordination plans of the CBS were also discussed. The Minister agreed to establishing formal data coordination agreements between the CBS and other government institutions, and on the need for the legislation and related reporting procedures to be strengthened. She also agreed to the 2020–2025 action plan to implement the Special Data Dissemination Standard for real-sector statistics, the need for benchmark and regular surveys, and to incrementally increasing the CBS budget and staffing, subject to Cabinet approval.

Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1498318010
Category : Business & Economics
Languages : en
Pages : 69

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Book Description
This 2019 Article IV Consultation highlights that Aruba’s economic recovery continues, although at a slowing pace. The authorities have managed well the impact of the crisis in Venezuela through diversification of product markets and tourism sources. Nonetheless, a deepening of the crisis is a downside risk—mainly through a potentially sizable influx of immigrants and refugees. It is recommended to identify additional reform measures to achieve Aruba’s fiscal targets. These measures should involve a mix of revenue increases and expenditure restraint, and be prioritized, sequenced, equitable, and well-communicated to minimize implementation risks and ensure the measures’ durability. The government devised a reform agenda with fiscal consolidation as a key pillar. Additional measures are needed to achieve the authorities’ fiscal targets. The additional adjustment should contain a mix of tax reforms and expenditure rationalization. The fiscal measures in 2019 are expected to deliver a large upfront increase in revenues but it will be important to strike a balance between revenue increases and expenditure restraint in subsequent years.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1475582692
Category : Business & Economics
Languages : en
Pages : 51

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Book Description
This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years—the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth reaching 4.75 percent, the pace of activity moderated in 2014. In 2015, growth is projected to rise to 2.25 percent. The tourism sector—the mainstay of the Aruban economy—is envisaged to grow, albeit at a slower rate. Moreover, domestic demand is slated to recover notably amid subsiding policy uncertainty and as key public-private partnership projects move forward.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 147556127X
Category : Business & Economics
Languages : en
Pages : 45

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Book Description
This 2013 Article IV Consultation highlights that economic output in Aruba remains 12 percent below its pre-crisis level, with recovery slower than others in the Caribbean region. The non-oil current account (CA) balance, which mostly reflects developments in the tourism sector, has improved since mid-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus for years, showed volatilities in recent years reflecting oil-sector developments. In 2012, it recorded a surplus of 5 percent of GDP. In 2013, real output is projected to grow by 11⁄4 percent. Robust tourism growth and some pickup in consumption from projected deflation will support the subdued near-term recovery.

Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 148430439X
Category : Business & Economics
Languages : en
Pages : 64

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Book Description
Aruba’s economy has been in recession since mid-2015, mainly due to a temporary slowdown in tourism activity and fiscal consolidation. Short-term recovery in economic activity depends on timely implementation of refinery-related investments. Despite fiscal efforts by the authorities, public debt remains at around 85 percent of GDP, limiting fiscal space.

Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513572830
Category : Business & Economics
Languages : en
Pages : 73

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Book Description
Aruba managed to contain the pandemic in the first months of the outbreak but experienced a resurgence of new infections in the summer. The economic impact of COVID-19 is particularly severe given Aruba’s high dependency on tourism. While the authorities’ swift response has helped contain the human and economic damage, it could not avoid a severe GDP contraction.