European Parliament Library

Kingdom of the Netherlands :, Curaçao and Saint Maarten: 2011 Article IV Consultation: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discussion

The two newly autonomous countries within the Kingdom of the Netherlands face substantial challenges. Growth has been low, and unemployment high. The current account deficit has widened to worrisome levels, increasing the vulnerability of the peg to the U.S. dollar and stimulating calls for dollarizing or dissolving the currency union. A substantial adjustment is needed to bring the underlying current account deficit to historically sustainable levels over the medium term. This could be facilitated by measures to restrain credit growth, supported by fiscal consolidation
Table Of Contents
Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Monetary and Financial Sector Policies; B. Fiscal Policy; C. Structural Reforms; STAFF APPRAISAL; FIGURES; 1. Comparison; 2. Curaçao: Visitor Arrival, by Origin; 3. Sint Maarten: Tourism Developments; 4. Sint Maarten: Airplane Passenger Arrival, by Origin; 5. Developments in the Monetary Sector; 6. Banking Sector Developments; 7. Competitiveness and Vulnerability Indicators; 8. Inflation and Interest Rate Developments; 9. Regional Financial Sector Indicators; TABLES
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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