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Kingdom Of The Netherlands Curacao And Sint Maarten Selected Issues
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Book Synopsis Kingdom of the Netherlands—Curaçao and Sint Maarten: Selected Issues by : International Monetary
Download or read book Kingdom of the Netherlands—Curaçao and Sint Maarten: Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2021-08-25 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues
Book Synopsis Kingdom of the Netherlands—Sint Maarten: Technical Assistance Report—Sustainable Tax Reforms by : International Monetary
Download or read book Kingdom of the Netherlands—Sint Maarten: Technical Assistance Report—Sustainable Tax Reforms written by International Monetary and published by International Monetary Fund. This book was released on 2021-10-19 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sint Maarten’s economy has been hit hard over the last 4 years. In 2017, two major hurricanes struck the island causing significant damage. While reconstruction was largely financed by insurance proceeds and grants from The Netherlands, economic recovery from the hurricane damage was slow and in early 2020 the coronavirus pandemic shut down most of Sint Maarten’s tourism sector. As a result, fiscal revenue declined by 15 percent since 2016; payroll tax revenue declined by only 4.5 percent, whereas the turnover tax revenue declined by 23 percent. Since April 2020, The Netherlands has provided immediate financial support to cushion the economic shock of the pandemic. In December 2020, Sint Maarten concluded an agreement with The Netherlands to receive more substantial financial support for recovery and ensuring long-term fiscal sustainability. In return, the authorities committed to make structural changes to their tax system, making it more growth-friendly and equitable, while optimizing and ensuring its revenue mobilization capacity.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1498314600 Total Pages :61 pages Book Rating :4.4/5 (983 download)
Book Synopsis Kingdom of the Netherlands—Curaçao and Sint Maarten by : International Monetary Fund. European Dept.
Download or read book Kingdom of the Netherlands—Curaçao and Sint Maarten written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-08-29 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context: The union’s current account deficit—the key economic vulnerability flagged in the previous (2011) consultation—has declined over the past few years, including thanks to fiscal adjustment in Curaçao. But it remains large. Curaçao’s growth and job creation remain lackluster, due to weak competitiveness, adverse sectoral trends (e.g., in the international financial center), red tape, and rigid labor laws. Sint Maarten’s tourism-based economy is recovering but remains vulnerable to shocks and suffers from weak administrative capacity—as underscored, for example, by weakening tax collection. Risks: Both Curaçao and, especially, Sint Maarten are exposed to shifts in tourism demand. Curaçao is vulnerable to the uncertain situation in Venezuela, its main trading partner. If long-discussed flexibility- and competitiveness-enhancing structural reforms are not implemented, both countries’ capacity to absorb shocks may prove limited, and pressures on FX reserves and, ultimately, the peg may intensify. Policy recommendations: Fiscal policies should entrench recent gains to facilitate continued external adjustment (especially in Curaçao) and build buffers against shocks. Curaçao should extend the reform of its pension system to public sector workers, further streamline its administrative apparatus, and address weak governance and finances in state companies. Sint Maarten needs to increase revenues to support an expanding administration, including through stronger tax collection and greater contribution from its profitable state companies. The common central bank must monitor closely the deterioration in banks’ loan portfolios and refrain from direct financing of non-financial companies. It should also use more standard sterilization tools to control banks’ excess liquidity. Urgent action is required to lower the cost of doing business and remove pervasive disincentives to both supply and demand of labor.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1513539361 Total Pages :85 pages Book Rating :4.5/5 (135 download)
Book Synopsis Kingdom of the Netherlands-Curacao and Sint Maarten by : International Monetary Fund. Western Hemisphere Dept.
Download or read book Kingdom of the Netherlands-Curacao and Sint Maarten written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2020-04-01 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation focuses on Curaçao and Sint Maarten’s near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The fiscal position in Curaçao improved in the past two years, in part due to implemented fiscal measures. Both Curaçao and Sint Maarten would benefit from introducing a Fiscal Responsibility Framework. It could incorporate a central government debt ratio as a long-term anchor and operational rules calibrated to meet it. The report suggests that risks in the financial sector need to be addressed as a matter of priority. The authorities should develop a strategy for addressing financial sector vulnerabilities with the objective of preserving financial stability while minimizing fiscal costs. Significant strengthening of supervision and a complete overhaul of the bank resolution framework are also urgently needed. An across-the board improvement in the governance framework should be a key priority in both countries. Vulnerabilities in the financial system point to the need to strengthen governance in the financial sector.
Book Synopsis Kingdom of the Netherlands-Curaçao and Sint Maarten: Technical Assistance Report-Implementation of Risk-Based Supervision by : International Monetary
Download or read book Kingdom of the Netherlands-Curaçao and Sint Maarten: Technical Assistance Report-Implementation of Risk-Based Supervision written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-25 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The CBvCSM is the sole supervisory authority for all regulated financial institutions operating locally and in the offshore (or international) sector, as well as the stock exchange in Curacao and St Maarten. The financial sector comprises different types of institutions, which include banks and non-bank institutions, insurance companies (both Life, and Non-life), securities intermediaries, asset management firms, investments institutions, fund administrators, management of pension funds, reinsurers, and trust companies.
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.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :83 pages Book Rating :4.4/5 (2 download)
Book Synopsis Kingdom of the Netherlands–the Netherlands by : International Monetary Fund. European Dept.
Download or read book Kingdom of the Netherlands–the Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-03-09 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kingdom of the Netherlands–the Netherlands: Selected Issues
Book Synopsis Assessment of media development in Curaçao by : Pin, Renske
Download or read book Assessment of media development in Curaçao written by Pin, Renske and published by UNESCO Publishing. This book was released on 2016-10-31 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Oxford Handbook of Caribbean Constitutions by : Richard Albert
Download or read book The Oxford Handbook of Caribbean Constitutions written by Richard Albert and published by Oxford University Press, USA. This book was released on 2020-04-09 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Caribbean Constitutions offers a detailed and analytical view of the constitutions of the Caribbean region, examining the constitutional development of its diverse countries. The Handbook explains the features of the region's constitutions and examines themes emerging from the Caribbean's experience with constitutional interpretation and reform.0Part I, 'Caribbean Constitutions in the World', highlights what is distinctive about the constitutions of the Caribbean. Part II covers the constitutions of the Caribbean in detail, offering a rich analysis of the constitutional history, design, controversies, and future challenges in each country or group of countries. Each chapter in this section addresses topics such as the impact of key historical and political events on the constitutional landscape for the jurisdiction, a systematic account of the interaction between the legislature and the executive, the civil service, the electoral system,0and the independence of the judiciary.0Part III addresses fundamental rights debates and developments in the region, including the death penalty and socio-economic rights. Finally, Part IV features critical reflections on the challenges and prospects for the region, including the work of the Caribbean Court of Justice and the future of constitutional reform.0This is the first book of its kind, bringing together in a single volume a comprehensive review of the constitutional development of the entire Caribbean region, from the Bahamas in the north to Guyana and Suriname in South America, and all the islands in between. While written in English, the book embraces the linguistic and cultural diversity of the region, and covers the Anglophone Caribbean as well as the Spanish-, French-, and Dutch-speaking Caribbean countries.
Book Synopsis Antilles (Netherlands) Investment and Business Guide Volume 1 Strategic and Practical Information by : IBP USA
Download or read book Antilles (Netherlands) Investment and Business Guide Volume 1 Strategic and Practical Information written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antilles (Netherlands) Investment and Business Guide - Strategic and Practical Information
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1484306805 Total Pages :33 pages Book Rating :4.4/5 (843 download)
Book Synopsis Kingdom of the Netherlands-Aruba by : International Monetary Fund. European Dept.
Download or read book Kingdom of the Netherlands-Aruba written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-08-08 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns requires identifying the underlying factors. This paper presents an overview of Aruba’s economic growth performance since 1990, analyzes factors behind the slowdown, and discusses how potential growth can be sustained. It suggests that Aruba should aim to finance its renewable energy and other future growth initiatives sustainably.
Book Synopsis Antilles (Netherlands) Gaming Industry Investment and Business Guide by : IBP USA
Download or read book Antilles (Netherlands) Gaming Industry Investment and Business Guide written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antilles (Netherlands) Gaming Industry Investment and Business Guide - Strategic and Practical Information
Book Synopsis Antilles (Netherlands) Business Law Handbook Volume 1 Strategic Information and Basic Laws by : IBP USA
Download or read book Antilles (Netherlands) Business Law Handbook Volume 1 Strategic Information and Basic Laws written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antilles (Netherlands) Business Law Handbook - Strategic Information and Basic Laws
Book Synopsis Background Notes, Netherlands Antilles and Aruba by :
Download or read book Background Notes, Netherlands Antilles and Aruba written by and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Antilles (Dutch Caribbean) Business and Investment Opportunites Yearbook Volume 1 Strategic, Practical Information and Opportunites by : IBP, Inc.
Download or read book Antilles (Dutch Caribbean) Business and Investment Opportunites Yearbook Volume 1 Strategic, Practical Information and Opportunites written by IBP, Inc. and published by Lulu.com. This book was released on 2016-04-21 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antilles (Netherlands) Business and Investment Opportunities Yearbook Volume 1 Strategic Information and Opportunities
Book Synopsis The Dutch Criminal Justice System by : P. J. P. Tak
Download or read book The Dutch Criminal Justice System written by P. J. P. Tak and published by . This book was released on 2008 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Curacao Travel Adventures by : Lynne M. Sullivan
Download or read book Curacao Travel Adventures written by Lynne M. Sullivan and published by Hunter Publishing, Inc. This book was released on 2011-04-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We travel to grow a€" our Adventure Guides show you how. Experience the places you visit more directly, freshly, intensely than you would otherwise a€" sometimes best done on foot, in a canoe, or through cultural adventures like art courses, cooking classes, learning the language, meeting the people, joining in the festivals and celebrations. This can make your trip life-changing, unforgettable. All of the detailed information you need is here about the hotels, restaurants, shopping, sightseeing. But we also lead you to new discoveries, turning corners you haven't turned before, helping you to interact with the world in new ways. That's what makes our Travel Adventure Guides unique. The author is fascinated with these islands and her passion comes across in the text, which is lively, revealing and a pleasure to read. Detailed town and regional maps make planning day-trips or city tours easy. Adventures covered range from town sightseeing tours and nature watching to sea kayaking and mountain climbing excursions. Travelers looking for a more relaxed vacation may want to sign up for dance lessons and take part in the local Carnaval or join a local cycling club and tackle some of the most scenic areas - these cultural adventures will introduce you to the people and afford you a truly unique travel experience. This guide focuses on CuraAao primarily and is based on material found in our larger book, Aruba, Bonaire & Curacao Pocket Adventures.
