European Parliament Library

Kingdom of the Netherlands :, Aruba: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands -Aruba

Aruba is one of the most developed islands in the Caribbean. Still, it is vulnerable to external shocks owing to its heavy dependence on tourism and a steady increase in public debt. Policies to support further fiscal consolidation and boost Aruba’s growth potential are needed. Maintaining macroeconomic stability will require fiscal adjustment and an appropriately tight monetary policy. Bolstering the growth potential will require creating the right conditions for private investment and diversification. The financial system is generally sound, but warrants continued supervisory vigilance
Table Of Contents
Cover; Executive Summary; Contents; I. A Rebounding Economy; Figures; 1. Regional Perspective; 2. Recent Economic Developments; II. What Lies Ahead?; III. How Can Aruba Reduce its External Vulnerability?; A. The Near Term: Maintaining Macroeconomic Stability; B. The Medium Term: Ensuring Fiscal Sustainability; Text Boxes; 1. Fiscal Sustainability; C. Strengthening Policy Frameworks and Public Institutions; D. Bolstering Long-Run GDP Growth; Reforming the tax system; Strengthening financial intermediation; 2. Towards Indirect Monetary Policy Instruments; IV. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (42 p.)
Specific Material Designation
Form Of Item

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