Kingdom Of The Netherlands Aruba Staff Report For The Article Iv Consultation
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Kingdom Of The Netherlands Aruba
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1999-07-01
Kingdom Of The Netherlands Aruba written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-07-01 with Business & Economics categories.
This 1999 Article IV Consultation highlights that Aruba’s real GDP grew at an annual rate of some 3 percent in 1998, while inflation remained subdued at about 2 percent. Comparable rates of satisfactory growth and low inflation have characterized the island’s development since the mid-1990s, following a period of double-digit growth when an investment boom in the hotel sector brought about the transformation of Aruba into a tourism-based economy. The outlook for satisfactory growth and low inflation had been threatened, however, by an undue relaxation of fiscal policy in 1996 and continued laxity through mid-1998.
Kingdom Of The Netherlands Aruba
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-04-21
Kingdom Of The Netherlands Aruba written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-21 with Business & Economics categories.
Aruba managed to contain the pandemic in the first months of the outbreak but experienced a resurgence of new infections in the summer. The economic impact of COVID-19 is particularly severe given Aruba’s high dependency on tourism. While the authorities’ swift response has helped contain the human and economic damage, it could not avoid a severe GDP contraction.
Kingdom Of The Netherlands Aruba
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2019-06-05
Kingdom Of The Netherlands Aruba written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-05 with Business & Economics categories.
This 2019 Article IV Consultation highlights that Aruba’s economic recovery continues, although at a slowing pace. The authorities have managed well the impact of the crisis in Venezuela through diversification of product markets and tourism sources. Nonetheless, a deepening of the crisis is a downside risk—mainly through a potentially sizable influx of immigrants and refugees. It is recommended to identify additional reform measures to achieve Aruba’s fiscal targets. These measures should involve a mix of revenue increases and expenditure restraint, and be prioritized, sequenced, equitable, and well-communicated to minimize implementation risks and ensure the measures’ durability. The government devised a reform agenda with fiscal consolidation as a key pillar. Additional measures are needed to achieve the authorities’ fiscal targets. The additional adjustment should contain a mix of tax reforms and expenditure rationalization. The fiscal measures in 2019 are expected to deliver a large upfront increase in revenues but it will be important to strike a balance between revenue increases and expenditure restraint in subsequent years.
Kingdom Of The Netherlands Aruba Staff Report For The Article Iv Consultation
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Author :
language : en
Publisher:
Release Date : 2005
Kingdom Of The Netherlands Aruba Staff Report For The Article Iv Consultation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Aruba categories.
Kingdom Of The Netherlands Aruba
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Author :
language : en
Publisher:
Release Date : 1999
Kingdom Of The Netherlands Aruba written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Wirtschaftslage / Wirtschaftspolitik / Aruba categories.
Kingdom Of The Netherlands Aruba 2005 Article Iv Consultation
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Author : Alessandro Leipold
language : en
Publisher:
Release Date : 2005
Kingdom Of The Netherlands Aruba 2005 Article Iv Consultation written by Alessandro Leipold and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Kingdom Of The Netherlands
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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-08-08
Kingdom Of The Netherlands written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-08 with Business & Economics categories.
This 2013 Article IV Consultation highlights that economic output in Aruba remains 12 percent below its pre-crisis level, with recovery slower than others in the Caribbean region. The non-oil current account (CA) balance, which mostly reflects developments in the tourism sector, has improved since mid-2000 reaching a balanced position in 2012. The overall CA balance, however, after being in surplus for years, showed volatilities in recent years reflecting oil-sector developments. In 2012, it recorded a surplus of 5 percent of GDP. In 2013, real output is projected to grow by 11⁄4 percent. Robust tourism growth and some pickup in consumption from projected deflation will support the subdued near-term recovery.
The Kingdom Of The Netherlands Aruba 2002 Article Iv Consultation
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2003
The Kingdom Of The Netherlands Aruba 2002 Article Iv Consultation written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Aruba categories.
Kingdom Of The Netherlands Aruba
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 1999-07-01
Kingdom Of The Netherlands Aruba written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-07-01 with Business & Economics categories.
This 1999 Article IV Consultation highlights that Aruba’s real GDP grew at an annual rate of some 3 percent in 1998, while inflation remained subdued at about 2 percent. Comparable rates of satisfactory growth and low inflation have characterized the island’s development since the mid-1990s, following a period of double-digit growth when an investment boom in the hotel sector brought about the transformation of Aruba into a tourism-based economy. The outlook for satisfactory growth and low inflation had been threatened, however, by an undue relaxation of fiscal policy in 1996 and continued laxity through mid-1998.
Kingdom Of The Netherlands Aruba
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2005-06-15
Kingdom Of The Netherlands Aruba written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-15 with Business & Economics categories.
The staff report for the 2005 Article IV Consultation on the Kingdom of the Netherlands—Aruba highlights the economic developments and policies. Meeting the challenges of population aging requires policies that create conditions for faster productivity growth. IMF Staff recommended applying the successful model of public-private sector cooperation developed in the tourism industry to promote diversification in other areas, in particular in financial services. Staff urged the authorities to speed up the restructuring of public companies and reinvigorate their efforts to improve statistics.