Kingdom of the Netherlands-Aruba : 2010 Article IV Consultation Discussions-Staff Report; Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of the Netherlands-Aruba

Author/Editor:

International Monetary Fund

Publication Date:

October 29, 2010

Electronic Access:

Free Full Text (PDF file size is 1043 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Aruba has an open economy with a history of stability-oriented macroeconomic policies. Adverse external shocks have led to a decline in tourism and disruption of oil refinery operations. Serious fiscal challenges need to be addressed and a fiscal adjustment program is needed to safeguard the sustainability of the public finances. Expenditure cuts and the central bank’s switch from a credit ceiling to an unremunerated reserves requirement as key policy tool is commended. The new monetary policy framework will likely increase the challenges to prudential regulation and supervision.

Series:

Country Report No. 10/334

Subject:

Frequency:

Monthly

English

Publication Date:

October 29, 2010

ISBN/ISSN:

9781455208302/1934-7685

Stock No:

1ABWEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

54

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