Kingdom Of The Netherlands Sint Maarten Technical Assistance Report Sustainable Tax Reforms
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Kingdom Of The Netherlands Sint Maarten Technical Assistance Report Sustainable Tax Reforms
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-19
Kingdom Of The Netherlands Sint Maarten Technical Assistance Report Sustainable Tax Reforms written by International Monetary Fund. Fiscal Affairs 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 2021-10-19 with Business & Economics categories.
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.
Kingdom Of The Netherlands Cura Ao And Sint Maarten
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-09-17
Kingdom Of The Netherlands Cura Ao And Sint Maarten 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 2024-09-17 with categories.
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.
Kingdom Of The Netherlands Curacao And Sint Maarten
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2020-04-01
Kingdom Of The Netherlands Curacao And Sint Maarten 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 2020-04-01 with Business & Economics categories.
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.
Kingdom Of The Netherlands Cura Ao And Sint Maarten 2021 Article Iv Consultation Discussions Press Release And Staff Report
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-25
Kingdom Of The Netherlands Cura Ao And Sint Maarten 2021 Article Iv Consultation Discussions Press Release And Staff Report 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 2021-08-25 with Business & Economics categories.
The COVID-19 pandemic inflicted another major shock on the economies of Curaçao and Sint Maarten, which followed category 5 hurricanes in Sint Maarten in 2017 and the spillovers of the Venezuelan crisis on Curaçao. Despite the substantial response measures financed by The Netherlands, the economic contraction in 2020 was severe.
Kingdom Of The Netherlands Cura Ao And Sint Maarten
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-07-28
Kingdom Of The Netherlands Cura Ao And Sint Maarten 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 2023-07-28 with Business & Economics categories.
Curaçao and Sint Maarten, which form a monetary union (Union), are recovering from the pandemic and earlier shocks. Substantial tourism recoveries in both economies supported robust growth and strong fiscal adjustments. Curaçao’s GDP is still below its pre-pandemic level while Sint Maarten is expected to exceed it this year. Both countries are working on structural reform packages, although the focus is still mainly on studies and preparation.
Political Handbook Of The World 2018 2019
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Author : Tom Lansford
language : en
Publisher: CQ Press
Release Date : 2019-03-19
Political Handbook Of The World 2018 2019 written by Tom Lansford and has been published by CQ Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-19 with Reference categories.
The Political Handbook of the World provides timely, thorough, and accurate political information, with more in-depth coverage of current political controversies than any other reference guide. The updated 2018-2019 edition will continue to be the most authoritative source for finding complete facts and analysis on each country’s governmental and political makeup. Compiling in one place more than 200 entries on countries and territories throughout the world, this volume is renowned for its extensive coverage of all major and minor political parties and groups in each political system. It also provides names of key ambassadors and international memberships of each country, plus detailed profiles of more than 30 intergovernmental organizations and UN agencies. This comprehensive update will include coverage of current events, issues, crises, and controversies from the course of the last two years, including: Elections across Europe Referendum in Ireland Rohingya genocide in Myanmar The Venezuelan dictatorship The renaming of Swaziland to eSwatini Qatar diplomacy changes Historic meeting between the United States and North Korea Establishment of a new governing coalition in Liberia
Political Handbook Of The World 2016 2017
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Author : Tom Lansford
language : en
Publisher: CQ Press
Release Date : 2017-03-31
Political Handbook Of The World 2016 2017 written by Tom Lansford and has been published by CQ Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-31 with Reference categories.
Published since 1928, the Political Handbook of the World provides timely, thorough, and accurate political information with more in-depth coverage of current political controversies and political parties than any other reference guide. The updated 2016–2017 Edition continues this legacy as the most authoritative source for finding complete facts and analysis on each country’s governmental and political makeup. Political science and international relations scholars have revised this edition, and made understanding complex foreign affairs andpolitical situations easy and accessible. With more than 200 entries on countries and territories throughout the world, housed in one place, these volumes are renowned for their extensive coverage of all major and minor political parties and groups in each political system. They also provide names of key ambassadors and international memberships of each country, plus detailed profiles of more than 30 intergovernmental organizations and United Nations agencies. This comprehensive update will include coverage of current events, issues, crises, and controversies from the course of the last two years, including: The closely-watched U.S. presidential election The effect of the Brexit referendum and installment of a new British prime minister The extensive investigation and subsequent impeachment of Brazil’s president The far-reaching impact of the “Panama Papers” scandal Changes in U.S.–Cuba diplomatic relations and the reopening of their embassies The unconstitutional declaration of Gambia as an Islamic State Sentiments about the migrant and refugee crisis across Europe and the influence on policy Also, the new “For Further Reference” feature included for every country entry directs readers to additional resources to continue their research.
Galignani S Messenger
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Author :
language : en
Publisher:
Release Date : 1826
Galignani S Messenger written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1826 with categories.
Working Mother
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Author :
language : en
Publisher:
Release Date : 2001-10
Working Mother written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-10 with categories.
The magazine that helps career moms balance their personal and professional lives.
Bulletin Of The Atomic Scientists
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Author :
language : en
Publisher:
Release Date : 1979-03
Bulletin Of The Atomic Scientists written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979-03 with categories.