Kingdom of the Netherlands—Netherlands Antilles: Staff Report for the 2005 Article IV Consultation
March 31, 2006
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This 2005 Article IV Consultation for the Netherlands Antilles’ reports that economic growth has been feeble so far in this decade, in the midst of economic policy drift. Growth has been constrained by still inflexible labor markets, widespread state ownership and interference in commercial activities, and insufficient investment in infrastructure and human capital. At the same time, free migration to the Netherlands has kept wages high. Persistent budget deficits and a large and growing public debt have also remained unaddressed.
Subject: Expenditure, Financial regulation and supervision, Fiscal policy, Public debt, Revenue administration, Wages
Keywords: Antillean authorities, Caribbean, CR, Curaçao government, executive board assessment, IMF staff estimate, IMF's effort, IMF's view, inflation expectation, ISCR, island government, public finance, sustainable public finances
Pages:
43
Volume:
2006
DOI:
Issue:
116
Series:
Country Report No. 2006/116
Stock No:
1ANTEA2006001
ISBN:
9781451801040
ISSN:
1934-7685
