IMF Staff Country Reports

Kingdom of the Netherlands-Curaçao and Sint Maarten: 2024 Article IV Consultation Discussions-Press Release and Staff Report

September 17, 2024

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Kingdom of the Netherlands-Curaçao and Sint Maarten: 2024 Article IV Consultation Discussions-Press Release and Staff Report", IMF Staff Country Reports 2024, 296 (2024), accessed September 17, 2024, https://doi.org/10.5089/9798400289439.002

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Summary

Curaçao and Sint Maarten experienced a vigorous post-pandemic recovery. Growth was underpinned by strong stayover tourism, which is outperforming Caribbean peers. Headline inflation has declined rapidly, notwithstanding a recent uptick, led by international oil price developments, while core inflation remains elevated. In both countries, current account deficits improved markedly from pandemic years but remain high. Fiscal positions remained strong and in compliance of the fiscal rule. Both countries strive to adopt sound macroeconomic policies, broadly in line with past IMF advice (Annex I). The landspakket, the structural reform package agreed with the Netherlands in 2020, continues to guide both countries’ reform agenda.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic sectors, Environment, Expenditure, External debt, Health, Health care spending, Natural disasters, Population and demographics, Public debt, Public investment spending, Tourism

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Health care spending, Insurance, Natural disasters, Public investment spending, Revenue administration, Tourism

Publication Details

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