Kingdom of the Netherlands—Curaçao and Sint Maarten: 2016 Article IV Consultation Discussions-Press Release; Staff Report; and Informational Annex

August 22, 2016

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Kingdom of the Netherlands—Curaçao and Sint Maarten: 2016 Article IV Consultation Discussions-Press Release; Staff Report; and Informational Annex, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that the fiscal situation in Curaçao and Sint Maarten remains relatively stable, following the debt relief in 2010, but progress on necessary fiscal and structural reforms has been slow. Curaçao experienced modest growth in 2015 of 0.1 percent, reflecting a turnaround from the contraction of 1.1 percent in 2014. The economy of Sint Maarten expanded by 0.5 percent in 2015, a slowdown compared with the 1.5 percent recorded in 2014. Real GDP growth in 2016 is expected to reach 0.5 percent in Curaçao and 0.7 percent in Sint Maarten. Over the medium term, growth is expected to pick up moderately to 0.9 percent and 1.3 percent for Curaçao and Sint Maarten, respectively.

Subject: Banking, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM), Revenue administration, Wages

Keywords: Article IV consultation discussion, Caribbean, CPI data, CR, Exchange regime, Fiscal stance, Growth prospects, IMF staff estimate, ISCR, Labor market, Liability positions vis-à-vis nonresident

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/276
Stock No:

1ANTEA2016001
ISBN:

9781475527285
ISSN:

1934-7685

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