Netherlands Antilles : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

April 26, 1997

Summary:

This paper reviews economic developments in the Netherlands Antilles during 1990–96. The economic situation started deteriorating significantly since the early 1990s. Economic growth slackened, mainly reflecting weak investment and a sharp drop in tourist arrivals in 1995–96 owing to hurricane damage. The underlying external position deteriorated progressively, and reserves fell to an uncomfortably low level. The major factors behind the deterioration were occasional slippages in monetary policy and persistently large fiscal deficits that had their roots in a rapid growth of personnel costs.

Series:

Country Report No. 97/32

Subject:

English

Publication Date:

April 26, 1997

ISBN/ISSN:

9781451800975/1934-7685

Stock No:

1ANTEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

108

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