The Kingdom of the Netherlands-Aruba: 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

March 3, 2003

Preview Citation

Format: Chicago

The Kingdom of the Netherlands-Aruba: 2002 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

This 2002 Article IV Consultation for the Kingdom of the Netherlands—Aruba highlights that after growing at more than 4 percent per year in 1996–2000, the Aruba economy experienced two years of retrenchment, with GDP falling an estimated 1.2 percent in 2001 and 3.8 percent in 2002. This downturn reflected a lull in investment activity, but especially weak tourism following the United States recession and the terrorist attacks of September 11, 2001. In 2003, sharply higher private and public investment and a modest revival in tourism should boost economic growth to more than 4 percent.

Subject: Current spending, Expenditure, Fiscal policy, Fiscal stance, Imports, International trade, National accounts, Public debt

Keywords: Caribbean, CR, Current spending, Draft government budget, Fiscal policy plan, Fiscal stance, Fund staff estimate, Imports, ISCR, Middle East, Monetary policy, Plan, Staff projection, Tax boosts revenue

Publication Details

Pages:

41
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2003/042
Stock No:

1ABWEA0012003
ISBN:

9781451800043
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports