IMF Staff Country Reports

Kingdom of the Netherlands—Curaçao and Sint Maarten : 2016 Article IV Consultation Discussions-Press Release; Staff Report; and Informational Annex

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

August 22, 2016

Electronic Access:

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Summary:

This 2016 Article IV Consultation highlights that the fiscal situation in Curaçao and Sint Maarten remains relatively stable, following the debt relief in 2010, but progress on necessary fiscal and structural reforms has been slow. Curaçao experienced modest growth in 2015 of 0.1 percent, reflecting a turnaround from the contraction of 1.1 percent in 2014. The economy of Sint Maarten expanded by 0.5 percent in 2015, a slowdown compared with the 1.5 percent recorded in 2014. Real GDP growth in 2016 is expected to reach 0.5 percent in Curaçao and 0.7 percent in Sint Maarten. Over the medium term, growth is expected to pick up moderately to 0.9 percent and 1.3 percent for Curaçao and Sint Maarten, respectively.

Series:

Country Report No. 16/276

Subject:

Article IV consultation reports Curacao Debt sustainability analysis Economic growth Economic indicators Financial sector Fiscal policy Fiscal reforms Labor market reforms Netherlands Offshore financial centers Press releases Sint Maarten Staff Reports