Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 141 pages
Book Rating : 4.4/5 (2 download)
Book Synopsis Kingdom of the Netherlands-Curaçao and Sint Maarten by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Kingdom of the Netherlands-Curaçao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2024-09-17 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.