Kingdom of the Netherlands—Aruba: Staff Report for the 2001 Article IV Consultation Discussions

September 7, 2001

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Kingdom of the Netherlands—Aruba: Staff Report for the 2001 Article IV Consultation Discussions, (USA: International Monetary Fund, 2001) accessed November 24, 2024

Summary

The government’s plans to reform the tax system and administration are well founded. The Central Bank of Aruba is to be commended for its prudent management of monetary policy, as demonstrated by the continued credibility and strength of the peg to the U.S. dollar, buttressed by a robust foreign reserve position. There has been significant progress in expanding and strengthening the supervisory and regulatory framework of financial activities. Renewed initiatives on structural reforms will improve efficiency in the use of resources and attract strategic investment.

Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Imports, International trade, Monetary systems, Money, Public sector, Revenue administration

Keywords: Aruban economy, Caribbean, CBA confidence margin, Commercial banks, Company pension funds, CR, Current account, Exchange rate peg, IMF staff estimate, IMF's assessment, Imports, ISCR, Monetary systems, Offshore sector, Public sector, South America, Staffs recommendation

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/159
Stock No:

1ABWEA0022001
ISBN:

9781451800067
ISSN:

1934-7685

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